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Article: TURKEY'S KORDSA GLOBAL CONTROLS 57.4% OF STAKE IN BRANTAS MULIA.
- Article from:
- AsiaPulse News
- Article date:
- March 12, 2007
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JAKARTA, March 12 Asia Pulse - Turkey's Kordsa Global, the world's largest maker of industrial yarn and nylon for car tires, controlled 57.4 per cent of the stake in PT Branta Mulia (JSX:BRAM) through a tender which was carried out last February 28, a spokesperson said.
"The number of Brantas Mulia shares which have been taken over by Kordsa Global reached 258,282,682, or 57.40 per cent out the total number of shares," corporate secretary Vonny Juwono told the Jakarta Stock Exchange (BEJ) here Friday.
The number of Brantas Mulia shares which are promoted during the tender reached 27,460,420, or 6.1 per cent and had a transaction value of Rp1,990 per ...