SINGAPORE (Yosefardi) – Gallant Ventures Ltd had in July 24 closed tender offer of 818.5 million shares of PT Indomobil Sukses Internasional Tbk (IMAS), representing 19.14% of the total number of issued shares in the capital of IMAS.
Following the settlement of such valid acceptances received under the IMAS Tender Offer, which will be conducted on 1 August 2013, Gallant’s shareholding interest in IMAS will increase to approximately 71.49%.
Based on the price of Rp5,426 per IMAS Share under the IMAS Tender Offer, the aggregate consideration payable by Gallant for the acquisition of the IMAS Shares validly tendered under the IMAS Tender Offer will be Rp2.87 trillion.
