JAKARTA: PT Alfa Retailindo Tbk, a unit of convenience stores owned by giant retailer PT Carrefour Indonesia, have tender offer at IDR4,500 or IDR9,63 billion to absorb 0.46% or 2.13 million of public shares.This price is 87.5% premium of the highest price in the last 90 days, 37.51% premium of the highest price in the regular market in the last 2 years, and 72.94% premium from the price of the reasonable calculation result from independent assessor."The Company will hold a meeting of the shareholders' extraordinary general [EGM] on June 30 in order to gain approval to go private and also determine the tender offer price," said Alfa management in its written statement, yesterday.The announcement of the tender offer also marked the commitment of Alfa to go private. Alfa management said the plan to go private is based on illiquid and passive public stocks which are traded over the last 6 months.Moreover, 0.46% owners of public stocks are only 60 people. The remaining 99.54% are owned by Carrefour Indonesia.Last year, Alfa has assets of IDR673.05 billion and liabilities of IDR401.69 billion. It also booked net loss of IDR41.09 billion and income of IDR1.6 trillion. Meanwhile, Carrefours revenue was IDR12.41 trillion and net income was IDR6.75 billion. Carrefour has assets amounting to IDR4.97 trillion and liabilities of IDR3.91 trillion.Indonesia Stock Exchange (IDX) suspended trading of Alfa stock since 28 April, in response to the companys plan to be a private company. Since the suspension, the stock exchange authority began to asking for explanation to Alfa management over its plan to go private."Over the corporate action, the stock exchange authority is currently requesting further clarification to the company," said Head of Corporate Services Sector Division of IDX Umi Kulsum in his written statement on April 28.IPO of Martha TilaarMartha Tilaar, owner and founder of Martha Tilaar Group, is now reviewing an option to hold an initial public offering (IPO) within the next 5 years.Martha said the management had set up various strategic plans in order to raise funds on capital market, one of which is expanding the business in international market, improving the performance of its operations, and sending young researchers of the company to study abroad."Definitely there will be no referral to the [IPO] depends on the younger generation that we have. We will fix the inside and outside the child's first IPO attempt by us [PT Martina Berto language] in exchange for a beginning," he said.At the same time, as Martha said, the company is developing a business from upstream to downstream sector with a focus on the development of beauty products which have been a main business profile of Martina Berto that listed in IDX on January13, 2011.Martina Bertos CEO Bryan David Emil said this years sales is estimated to grow by 15% to IDR653 billion. Now, the company has been using 22% of the IPO proceeds or equal to IDR54 billion of the total IPO proceeds amounting to IDR250 billion. (t03)

---

Artikel Terkait

Berita Lainnya

Berita Terbaru