New Tender Offer Regulation Imposed

New Tender Offer Regulation Imposed

Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) had impose new tender offer regulation with stipulate six new rules related with price offer.

Head of the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) Fuad Ahmad Rahmany (06/30) said tender offer price list related with public companies acquisition had stipulate namely, first, at least equal with average price from daily highest trade price in Indonesia Stock Exchange (IDX) during last 90 days before the announcement.

Second, direct take over on public companies which not listed and not trade in IDX, then minimum tender offer price as high as the acquisition price.

Third, direct take over on public companies which is not listed and not traded in IDX, but in last 90 days not trade, so minimum tender offer price as high as the highest price in last 12 month.

Fourth, indirect take over on public companies which is not listed and not trade in IDX, so the minimum tender price same as the price recommended by the appraiser.

Fifth, indirect take over on public companies which is listed and trade in IDX but in last 90 days not trade, then minimum tender offer price is the highest price in last 12 month.

Sixth, indirect take over on public companies which listed and traded in IDX, then tender offer price same with the average price from the highest price on daily trading in IDX for last 90 days after the announcement.

If the implementation of tender offer which causing the share ownership by new owner, in which more than 80% of paid capital of public company, new owner had an obligation to sell back the public companies to the public, so the share that own by public at least 20% from paid up capital of the public company and own by at least 300 parties.

Share sell back to the public have to be implement in two years since the tender offer done.

Perihal buletin
Blog Berita Buletin Bisnis Blog ini Berisi Ringkasan info Bisnis dan Ekonomi/ This Blog consist of economic and business news. Bila anda tertarik untuk memberikan kritik atau saran atau membutuhkan informasi lebih lanjut, silahkan kirim melalui email ke buletinbisnis@yahoo.com/ If you have any critic, suggestion or need further information, please feel free to send the question to buletinbisnis@yahoo.com

Tinggalkan Balasan

Isikan data di bawah atau klik salah satu ikon untuk log in:

Logo WordPress.com

You are commenting using your WordPress.com account. Logout / Ubah )

Gambar Twitter

You are commenting using your Twitter account. Logout / Ubah )

Foto Facebook

You are commenting using your Facebook account. Logout / Ubah )

Foto Google+

You are commenting using your Google+ account. Logout / Ubah )

Connecting to %s

%d blogger menyukai ini: