JAKARTA: Crystal Development Pte Ltd (Singapore) bought 11.22% stake of PT Duta Anggada Realty Tbk from Focus Ventures Pte Ltd (Singapore) at IDR250 each or IDR80.28 billion.
The transaction was handled by First Asia Capital, a subsidiary of Focus Ventures, in a negotiation market on December 9. We have no idea for the share transaction, President Director of Duta Anggada Ventje Suardana stated in his written information in Jakarta, today.As he explained, the information came from statement of First Asia. However, there is no statement whether Crystal Development and Focus Ventures have relation each other. On the other hand, the settlement payment was set on December 14, yesterday.Meanwhile, the share price was down by 25% of yesterdays closing price to IDR235, however investors responded negatively over the transaction. The DART-coded shares was closed down today 12.76% to IDR205.Duta Anggada Realty is a Duta Anggada Group starting its business since 30 years ago and until now it has onwed 12 property units spreading in Jakarta, Surabaya, and Bali as well five unit projects that are still on progress. (t01/wiw)
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