"Shutter Intraco Rights Issue in 2011"

Jakarta - PT Intraco Penta Tbk (INTA), promised toexecute the initial issuance of shares (rights issue)before the end of 2011. Results rights issue used to finance the acquisition of land mines coal and nickel.


"Before the end of the year we will do,"said INTA President Peter Halim, at the Hotel Gran Hyaat,Jakarta, Wednesday (02/23/2011).

The target amount will be adjusted to the rights issuethe company needs funding to expand the businessto the mining sector. Despite previous claims Peterrange INTA rights issue worth Rp 1 trillion.

"How much, depends on how much future investmentneeds," he said.

He added that the mining business has a promisingfuture. Until very pity if the Company is only engagedas a provider of specialized heavy equipment mining commodities. Currently, the company was exploringthe mine to be acquired 2-3.

"We have low prices, revenues come down becauseour consumers who are mining companies, difficultypaying," said Peter.

Throughout 2011, INTA revenue target of Rp 2.7 trillion, up 40% compared to an estimated Rp 1.89trillion the previous year. Revenue contributed by the mining contractor services which rose 100 thousandtons per month in 2011.
source; detikfinance.com

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