Dian Swastatika announces capital increase and restructuring of subsidiaries
Wednesday, April 20 2016 - 02:45 PM WIB
IDX-listed energy and infrastructure company PT Dian Swastatika Sentosa Tbk (DSS) announced on Wednesday that its PT DSSE Energi Mas Utama, company?s direct subsidiary with ownership more than 99 percent, has increased its issued and paid up capital from Rp 682,300,000,000 consisting of 682,300 shares to Rp. 691,930,000,000 consisting of 691,930 shares, with issuance of 9,630 new shares, of which all new shares were subscribed by the Company.
Shareholding structure of PT DSSE Energi Mas Utama after the above-mentioned capital increase consists of the company as the owner of 691,920 shares with nominal value of Rp 691,920,000,000 and PT Sinar Mas Tunggal as the owner of 10 shares with nominal value of Rp 10,000,000.
In addition, PT Blackmas Makmur, company's indirect subsidiary with effective ownership more than 99 percent, has increased its authorized capital from Rp 2,040,000,000 consisting of 6,800 shares to Rp 180,000,000,000 consisting of 600,000 shares. Blackmas Makmur has also increased its issued and paid up capital from Rp 510,000,000 consisting of 1,700 shares to Rp 57,510,000,000 consisting of 191,700 shares, with issuance of 190,000 new shares, of which all new shares were subscribed by PT DSSP Power Mas Utama.
Shareholding structure of PT Blackmas Makmur after the above-mentioned capital increase consists of PT DSSP Power Mas Utama as the owner of 191,685 shares with nominal value of Rp.57,505,500,000 and DSSE Energi Mas Utama as the owner of 15 shares with nominal value of Rp.4,500,000.
Furthermore, PT DSSP Power Sentosa, company's indirect subsidiary with effective ownership more than 99 percent, has transferred all of its shares in PT SKS Listrik Kalimantan, company 's indirect subsidiary with effective ownership more than 99 percent, to Blackmas Makmur, DSSE Energi Mas Utama, Hillmas Coal Pte. Ltd., Kalteng Investment Pte. Ltd., and Shaanxi North West Power Corporation (Singapore) Pte. Ltd.
Shareholding structure of SKS Listrik Kalimantan after the above-mentioned internal restructuring consists of Blackmas Makmur as the owner of 575,400 shares with nominal value of Rp 57,540,000,000, DSSE Energi Mas Utama as the owner of 30,300 shares with nominal value of Rp 3,030,000,000, Hillmas Coal Pte. Ltd as the owner of 100 shares with nominal value of Rp 10,000,000, Kalteng Investment Pte. Ltd. as the owner of 100 shares with nominal value of Rp 10,000,000, and Shaanxi North West Power Corporation (Singapore) Pte. Ltd as the owner of 100 shares with nominal value of Rp 10,000,000.
Editing by Johannes Simbolon