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Sabtu, 05 Februari 2011

Franklin Templeton Controls 5.15% Danamon - The Indonesia Today

Franklin Templeton Investments controls 5.16% of the total issued shares of Bank Danamon through additional purchase of stocks early this week.

Lori A Weber, Assistant Secretary of Franklin Resources Inc, told the Capital Market Supervisory Agency (Bapepam) yesterday that FTIF-T Asian Growth Fund, a Luxembourg Company, has on February 2nd, 2011 acquired 3.695 million ordinary shares at Rp5990 per share.

With the purchase, FTIF-T Asian Growth Fund now holds 434.37 million ordinary shares of Bank Danamon Indonesia, constituting 5.16% of the total paid up shares.

The fund also purchased 6.59 million shares at Rp5936 on Feb 1, 2.72 million Danamon shares on January 28 at Rp6100 per share and 2.6 million shares on Jan 31 at Rp6036/share.

Danamon closed higher by 1.67% to Rp6100 on Friday (Feb 4). At that price, Franklin Templeton's ownership in Danamon is worth Rp2.65 trillion or about US$293 million.

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