Indocement offered at IDR16,000-IDR17,000

JAKARTA: A Foreign institutional today has initiated a shares placement of Indonesia's second largest cement maker PT Indocement Tunggal Prakarsa Tbk (INTP) worth IDR960 billion-IDR1.02 trillion.
Wandrik Panca Adiguna
Wandrik Panca Adiguna - Bisnis.com 08 Desember 2010  |  11:08 WIB

JAKARTA: A Foreign institutional today has initiated a shares placement of Indonesia's second largest cement maker PT Indocement Tunggal Prakarsa Tbk (INTP) worth IDR960 billion-IDR1.02 trillion.

A local fund manager said the seller has mandated Macquarie Securities as placement agent for 60 million shares or 1.6% holding at Indocement."Indocement shares are offered at IDR16,000-IDR17,000 per share," he told Bisnis today.Indocement today is closed to IDR17,000 per share, a 2.41% higher than yesterday closing level. (wiw)

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