“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Saturday, November 17, 2007

Pinnacle makes 1.15 trln rupiah tender offer for Indonesia's Toba Pulp


Thursday, November 15, 2007; Posted: 09:24 PM

JAKARTA, Nov 16, 2007 (Thomson Financial via COMTEX) -- Pinnacle Co Ltd, a company based in the Seychelles, said Friday it is making a tender offer for 100 percent of Indonesian pulp producer PT Toba Pulp Lestari for 1.15 trillion rupiah.

Pinnacle said in a published statement that it is offering to buy all 1.33 billion shares listed on the Surabaya Stock Exchange for 870 rupiah each.

The rule is that the tender offer price should be higher than the highest market price over the past 90 days. However, Pinnacle said that because Toba Pulp shares have not been been traded in the past 90 days, it basing its offer price on the book value on June 30.

The offer begins today and will last until Dec 17. Settlement is slated for Dec 27.

PT Indo Premier Securities is assigned to manage the offer.

Mauritius-based Steam Capital Ltd owns 31.83 percent of Toba Pulp, Virgin Islands-based Steam Capital Ltd 11.85 percent, Gold Forrest Holdings Ltd 16.54 percent, Estoril Management Holdings Ltd 9.27 percent and the investing public the rest.

Toba Pulp, formerly known as PT Inti Indorayon Utama, runs a pulp plant in Porsea in the Indonesian province of North Sumatra.

In 1998 the government closed the plant following violent confrontations with residents and environmentalists over alleged pollution of the local water supply and deforestation, but the plant reopened in 2003.

(1 US dollar = 9,263 rupiah)


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