Thursday, March 12, 2015

Moya Holdings Asia

Moya Holdings Asia: In response to a trading query by SGX yesterday, Moya Holdings Asia (MHA) disclosed that Indonesia's Salim Group was the majority party (85%) in its recent proposed placement of new shares at $0.08/share.

Recall, the first (152.6m shares) and second (214.9m shares) tranches of the placement is expected to take place before 17 Mar and 15 Apr, respectively, or two business days after receipt of SGX’s approval-in-principal.

Post-completion of both tranches, Salim Group will hold 29% stake in MHA, which they intend to add value by improving its project execution capabilities, as well as to assist in securing new projects.

Salim Group is the biggest conglomerate in Indonesia, which operations in F&B, telecom, retail, property and banking units, and best known for Indofood, the world's largest manufacturer of instant noodles.

No comments:

Post a Comment