“ … 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.)

Monday, December 07, 2009

BTN to sell stock at Rp800 per share

Antara News, Friday, December 4, 2009 19:06 WIB

Jakarta (ANTARA News) - State-owned Bank Tabungan Negara (BTN) plans to sell its shares at the Indonesia Stock Exchange on December 17, 2009 at a price of Rp800 per share, vice president director Evi Firmansyah said.

She said in a press statement on Friday that the price was set through a careful process by considering various significant aspects involved.

The price was also set through a meeting between the office of the state enterprises minister, the BTN management and the underwriters, namely PT Mandiri Sekuritas and PT CIMB Securities on December 3.

"The price of the BTN shares is set at Rp800 per share while the number of shares to be issued is 2.36 billion," she said.

She said the proceeds would be used to strengthen the company`s capital for future expansion.

The number of shares to be sold is equal to 27.08 of the bank`s shares with 24.48 percent of it for the public and 2.60 percent for the MSOP program.

The price offered is between 1.5 and 2.2 of the book value namely between Rp750 and Rp1.100 per unit.

Sixty-percent of buyers will be local investors while the rest are foreigners, she said.

She said she hoped the proceeds would improve the bank`s capital adequacy ratio from 15.04 percent to 27 percent.

"So, the company`s capital would increase from Rp3.4 trillion to Rp5 trillion to make the leverage for credit distribution to Rp60 trillion," she said.

She said the roadshows that had been carried out so far had been successful not only in the country`s big cities but also in overseas cities such as Singapore, Kuala Lumpur, Hong Kong, Frankfurt, Amsterdam, London and Edinburgh.

She said based on them it was seen that BTN shares had attracted a big interest from foreign investors.

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