JAKARTA (Indonesia Today) – A 241million share block deal in PT Erajaya Swasembada (ERAA), a distributor and retailer of mobile communication products, has raised Rp470 billion (US$49 million), IFRAsia.com reported.
??At 10.52 am Jakarta time, ERAA dropped 8.97% to Rp1,980 per share.
Currently the company’s shareholders are PT Eralink International with 68.28% ownership and public (the rest 31%).
Erajaya was listed and started trading at Indonesia Stock Exchange in December 14, 2011. It raised IPO proceeds of Rp 920 billion for its 31% share.??
It booked net profit of Rp212.44 billion in the first half of 2012 on net sales of Rp6.41 trillion. As of June 2012, its assets totaled Rp3.32 trillion while liability amounted Rp957.53 billion. It has cash and cash equivalent of Rp266.99 billion. (hans@theindonesiatoday.com)