BerlianLaju: 99.995% owned PT Buana Listya Tama to list, unofficial translated prospectus out. Public will have 49.7% of listed co if new shares of 7.26b at Rp100 and attached warrants are fully subscribed. Offering period from 10-12 May 2011 and trading will start on 19 May 2011…
The IPO will list approx 13% of Berlian Laju’s total assets which may generate some interest in its stock though it posted a recent loss. The listed Buana Listya Tama has 21 ships in a diverse fleet of oil, gas, chemical tankers and 1 FPSO and 1 FSO.
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