Jakarta – CVC Capital Partners has negotiated the sale of shares of PT Matahari Department Store Tbk (LPPF) to American International Group Inc and Temasek Holdings on refloat rule.
A source as quoted by Kontan said, the parties relating to the negotiations have not been tied to any agreement.
Posted by NewsIDX on January 18, 2013
https://newsidx.wordpress.com/2013/01/18/greenwood-sejahtera-prepares-capital-expenditure-worth-idr-600-billion/
Jakarta – Asia Color Company Ltd, owner of PT Matahari Department Store Tbk (LPPF), has decided to perform the obligation to sell the shares back to the market through a private placement mechanism.
Asia Color sold 40% stake in Matahari Department Store to a strategic investor, Kontan reported. Matahari Department Store expects the private placement can increase the shares liquidity.
Posted by NewsIDX on December 13, 2012
https://newsidx.wordpress.com/2012/12/13/asia-color-sells-40-shares-of-matahari-department-store/
Jakarta – CVC Capital Partners has planned to sell approximately 35% to 40% shares of PT Matahari Department Store Tbk (LPPF) in the first quarter of 2013.
The holder of 98.2% shares of Matahari Department Store would potentially get fresh funds up to USD 1.5 billion from the sale, Bisnis Indonesia reported.
Posted by NewsIDX on November 28, 2012
https://newsidx.wordpress.com/2012/11/28/cvc-capital-will-sell-40-shares-of-matahari/
Jakarta – PT Meadow Indonesia, the 98.15% shareholder of PT Matahari Department Store Tbk (LPPF), has not refloated its shares in Matahari Department Store at the bourse. This means the company has exceeded the deadline to refloat the shares.
As of Wednesday, August 22, 2012, both Matahari Department Store and Meadow Indonesia had not made an official statement, Kontan reported. Matahari Department Store, a subsidiary of the Lippo Group, is one of several publicly-listed companies that must see its shares refloated this year, according to the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) Regulation Number IX.H.1 on Acquisitions of Publicly-Listed Companies.
Posted by NewsIDX on August 23, 2012
https://newsidx.wordpress.com/2012/08/23/owner-of-matahari-department-store-shares-yet-to-refloat-shares/
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