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Senin, 25 Juli 2011

CMNP to Launch Private Placement - The Indonesia Today

Toll road operator PT Citra Marga Nusaphala Persada (CMNP) Tbk plans to issue new shares of 10% to strategic investor through private placement.

Bisnis Indonesia quoted CMNP finance director Indrawan Sumantri saying the company seeks shareholders' approval for the plan in next month's meeting scheduled August 10, 2011. "This is a private placement. We haven't decided the strategic investor or stand-by buyer," said Indrawan.

CMNP plans to use proceeds from the private placement for funding expansion into transportation infrastructure business.

Other than placement, CMNP also plans to issue bonds this year. Proceed will be used to finance toll road projects. (Theindonesiatoday.com)

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