15 Dec 2016
The value is quite significant, amounting to Rp447.246 billion.
The shares of the palm oil farm owner were purchased by PT Dhanistha Surya Nusantara (DSN) and PT Surya Nusantara Sawitindo (SNS).
SGRO Director Budi Setiawan Halim said that his party had conducted the closing of the share sale and transfer transaction and all of PLA’s shares along with PT Arkananta Cahaya Indah (ACI) to DSN and SNS on December 13, 2016.
SGRO owns 114,999,950 PLA shares. Sementara itu, ACI only owns 50 shares.
All of SGRO’s PLA shares were purchased by DSN.
Mientras itu, ACI sold 49 shares to DSN.
The remaining one share of ACI’s PLA was then purchased by SNS.
“DSN and SNS, who became the parties purchasing the PLA shares, are not parties with an affiliate relationship with the company,” said Budi in a public disclosure to the Indonesia Stock Exchange (BEI) yesterday (December 14).
In total, the value of the PLA share sales transaction was Rp447.246 billion.
“The board of directors and management of the company have a greater opportunity to focus on development activities and manage a portfolio of assets that are of better quality,” said Budi regarding the reasons for selling PLA.
Thus, Budi explained, in the long run it is hoped this will provide a more optimal investment return.
For the company and its stockholders.
The amount of land planted on PLA is considered by the company to be less than ideal for achieving an economic level.
For this reason, its location is quite far removed from an expanse of land owned by the other companies.
“It will be difficult to reach a level of costs and sources of resources that are efficient for the development and management of PLA assets,” he explained.
Therefore his party is optimistic that there will not be any significant impact to the ongoing operational activities of SGRO from the sale of PLA.
From the financial aspect, the additional funds obtained from the results of the sale of shares were utilized to strengthen the cash flow and working capital.
Based on various sources of information, DNS and SNS are part of the palm oil businesses that were founded by the Wonowidjojo family, the founders of Gudang Garam.
Up to this point, the palm oil sector business has been under the auspices of PT Matahari Kahuripan Indonesia. (gen/c4/noe/jos/jpnn)
http://www.jpnn.com/read/2016/12/15/487446/Lepas-Kebun-Sawit-Sampoerna-Agro-Kantongi-Rp-447-Miliar-
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