Luxemburg?s Templeton buys 5 percent of PT Timah shares
Thursday, July 4 2002 - 01:46 PM WIB
Luxemburg-based company FTIF-Templeton Asian Growth Fund has bought 26,212,500 shares of state tin producer PT Timah Tbk, or nearly 5.2 percent of the company?s total shares, at Rp575 (US$=Rp8,845) per share, law firm Mochtar, Karuwin & Komar (MKK) said on Thursday.
MKK is Timah's legal counselor.
Timah is the world?s biggest integrated tin producer. The publicly listed company operates tin mines and a large tin smelting plant in Bangka Belitung Province. (robert)