Monday, July 2, 2012

United Fiber Sys

United Fiber Sys: More details on the RTO. Co will acquire 67% of PT Golden Energy from Indo co PT Dian Swastatika Sentosa and 30% from GMR Coal Resources. The total consideration for the takeover will be approx $2.2b. Co will consolidate every 20 shares into 1 share and issue 2.2b new consolidated shares to PT Dian (resultant shareholdings in UFS is 65.2%) and 991.2m new consolidated shares to GMR (resultant sh/h 29.2%) at $0.70.

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