Hong Kong CSFB sells out its direct share in Medco
Tuesday, June 25 2002 - 02:21 AM WIB
Credit Suisse First Boston (Hongkong) Limited (CSFB), a company incorporated in Hong Kong said on Monday that it had disposed of its entire direct shareholding in PT. Medco Energi International Tbk by selling 1,500,384 shares or approximately 0.05 percent of Medco at Rp1,500 per share and 20,327,000 shares or approximately 0.61 percent of Medco at Rp1,520.07 per share.
Following such disposals, CSFB no longer has a direct shareholding in Medco, the company said in a statement to Capital Market Supervisory Agency (BAPEPAM).
CSFB, together with Panigoro family and PTT Exploration and Production Public Company Limited, jointly owns and controls indirectly New Links Energy Resources Limited, as the shareholder of 2,849,414,565 shares or approximately 85.51 percent of Medco, by holding 19.9 percent of the issued share capital of New Links through its indirectly owned and controlled subsidiary, Cumin Limited. (robert)