Bukit Uluwatu Private Placement USD 600 per sheet?

PT Bukit Uluwatu Villa Tbk (BUVA) rumored to be making the issuance of new shares without preemptive rights (ER) a privateplacement. Specified price is Rp 600 per share.


"Investors are going to do nothing but the Artha Graha Group. The price was set at Rp.600," whispered one of the market participantswho do not want her identity was leaked on Thursday (04/07/2011).

According to him, corporate action is done in order to boostcapital so that the performance of the company in the hotelbusiness to increase this year.

Market participants were added, the proceeds from privateplacement will be used to project a joint venture with PT IndahCemerlang Lantern also with PT Danayasa Arthatama Tbk(SCBD).

"This cooperation is in the form of development, management anddelivery of re-building of hotels and facilities, the ingredients in the land use rights on behalf of Danayasa Arthatama building," he added.

In trading today, until 9:59 pm when JATS, BUVA share price rose5 points (1.20%) to a level of Rp 420 per share. Its shares are traded 301 times with a volume of 7912 lots valued at USD 1.655billion.

Disclaimer: The Editorial detikFinance not responsible for the content of this stock rumors. All investment decisions remain in the hands of investors.

source: detik.com

Posted in: Rumor Saham