One of the Djarum Group Affiliated Companies could end tomorrow in IDX Listings

Affiliated companies from Djarum Group, PT Sarana Tower Nusantara Tbk (TOWR) will make sure the floor at the Indonesia Stock Exchange (BEI) was officially started on Monday 8 March 2010 tomorrow.

However, IDX has lucidly explained if the shares are offered at the public offering is relatively very limited. It resulted in the shares likely to become illiquid. "Ensure there is the possibility of trading these shares become less liquid," in quotes from Ph Head Trading Division Mr Andre PJ IDX Toelle in information disclosure in Jakarta, on Sunday 8 March 2010.

Company's record of 112,232,500 shares at Rp1.050/saham. Thus an initial public offering (IPO) will be valued at Rp117, 844 billion.

"PT Sarana Tower Nusantara Tbk (TOWR) will conduct initial listing of shares on 8/3/2010. The company will become the fourth company listing in 2010, where shares in the note on the development board," he added.

One of the effective statement from Bapepam-LK on 25/5/2010 ago. Offering period has been held on 2-3 March 2010. Recording of the BEI (listing) will be held on March 8, 2010. This company's stock would be worth Rp500 per share. The price per share of Rp1.050. Where PT Dinamika Usahajaya served as the IPO underwriters.

Tower Facility is a holder of 99.9992% stake in PT Profesional Telekomunikasi Indonesia. Other shareholders are PT Tricipta Mandhala Gumilang and PT Caturguwiratna Sumapala.

In the beginning, which will Protelindo record 285.36 million shares at the Stock Exchange before the end of December 2009. But until now, the plan has not been in realisasikan. It turned out that the plan has changed, Tower Facility as the main effort will carry out IPO Protelindo.

In the plan, Protelindo IPO funds will be used to pay certain obligations of the loan, the amount of USD360 million and Rp1, 18 trillion which was signed on November 26, 2008.

Through the treaty, Protelindo will get the loan facility from ABN AMRO Bank NV Singapore, Chinatrust Commercial Bank, CIMB Bank Singapore, DBS Bank, Standard Chartered Bank, OCBC, BCA and Bank Mandiri.

Funds from the loan will be used to finance the acquisition of telecommunications towers, and to repay loans to DBS Bank, Standard Chartered Bank, BCA, and Bank Permata.