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5/20/11

Hanson Acquired 60% Shares of International Petroleum De ?

Yuni Astutik - Okezone
Transaction Value Rp14, 3 Billion
JAKARTA - Make Money Blog$PT Hanson International Tbk (MYRX) is planning towithdraw the loan through the issuance of debt securities to PTUsahaprima Bhaktiputera valued at Rp14, 3 billion.



As revealed in a written statement the company published in Jakarta on Friday (20/05/2011), the company plans to withdraw theloan through the issuance of debt securities to PT UsahaprimaBhaktiputera worth Rp14 billion, which will mature in 36 monthswith interest of two percent per year .

Of those funds, then the company will perform acquisitiontransaction shares of International Petroleum De which is asubsidiary of PT Usahaprima Bhaktiputera usahana the field in linewith the company.

Then, as stated in the articles of association of the company if 60 percent of shares outstanding or equal to 75 thousand sharesowned by PT Usahaprima Bhaktiputera valued at Rp14, 3 billion inthe fair value of transactions amounting to Rp190.880 per share.

"This transaction will be financed using funds derived from debtpenerbitqn noted previously," he explained.

Finally, the Company also plans to release its ownership of 10percent or equivalent to Rp300 million to affiliated parties such as PT Optima Persada Energy, and PT Dika Karya Lintas Nusantara.(nia)
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source: okezone.com
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