Thursday, August 4, 2011

Salim Group buy 4.78 million stock of Indomobil Sukses Internasional (IMAS)

Trinity Intipermata (TIP), a company owned by the Salim Group, was buy back 4.78 million stock of Indomobil Sukses Internasional (IMAS). The purchase was made at a price of Rp 12,000 per share so that total value reached USD 57.3 M. Purchases made ​​on July 29, 2011. The purpose of this buyback is for long term investment. TIP is a shareholder of IMAS who own stock of IMAS above 5%. Majority shareholder of Indomobil Sukses Internasional (IMAS) is Cipta Sarana Duta Perkasa with ownership of 52.35%.