JAKARTA (Yosefardi) – PT Sinarmas Multiartha Tbk (SMMA) targets to raise Rp3.1 trillion through divesting 10% shares to strategic buyer or private placement mechanism, non pre-emptive right scheme.
The shares offered is priced at Rp5006 per unit. The proceeds will be used to support working capital and to fund investment by subsidiaries and affiliated companies.
As at September 2015, SMMA sharesholders are JBC International (52.4%), Credit Suisse AG Singapore (5.65%), and public investors (41.94%).
SMMA booked net profit of Rp326.47 billion in the first half of 2015, declined 34.8% from Rp500.79 billion in the corresponding period of 2014. Revenues fell 3.08% to Rp7.54 trillion from previous Rp7.78 trillion.