JAKARTA (TheInsiderStories) – The shares of PT Tower Bersama Infrastructure Tbk (IDX: TBIG) traded with worth of Rp536.53 billion (US$38.05 million) on Thursday, (10/17). Based on the RTI data, the transaction value is eight times.
No further details on the transaction. But, the transactions between PT Indopremier Sekuritas and, PT Morgan Stanley Sekuritas Indonesia, PT CLSA Sekuritas Indonesia.
Indopremier involved in 77.03 million shares transaction at a price of Rp6,800 each with total amount of Rp523.83 billion. Then, about 1.8 million shares at the price of Rp6,538 per unit facilitated by Morgan Stanley. The transaction value of the shares was Rp11.8 billion.
While, CLSA transact 134,000 shares at a price of Rp7,716 a unit, resulting in a transaction value of Rp899.94 million. All the transaction involved domestic investors as sellers and foreign buyers.
Since last month, Tower Bersama has recorded jumbo transaction with total amount Rp9.27 trillion, consisting of regular transactions of Rp6.68 trillion, negotiating market Rp2.58 trillion, and cash of Rp1.9 million. Two other jumbo negotiation transactions occurred Rp1.07 trillion on July 19 and Rp1.23 trillion on Oct 2.
On Oct. 2, TBIG sold more than 212.15 million shares or 5.69 percent of enlarged and paid capital in non-regular market with price of Rp6,477 a share. The provider raised funds around Rp1.37 trillion from the transactions.
The share was sold through the local securities house, PT Mahakarya Artha Sekuritas and as the buyer is foreign company via PT Credit Suisse Sekuritas. The seller is one of the company shareholders, PT Wahana Anugerah Sejahtera.
After the transaction the ownerships of Wahana are lowering to 29.15 percent from previously 34.84 percent. Beside Wahana, Tower Bersama stocks is hold by PT Provident Capital Indonesia 25.23 percent, public 39.63 percent and Credit Suisse.
Wahana is the unit of PT Saratoga Investama Sedaya Tbk (IDX: SRTG), company founded by Edwin Soeryadjaja and Sandiaga Salahuddin Uno. On July 30, an Indonesian private equity fund, spent Rp1.08 trillion to raise its ownership in TBIG.
Sandi Rahayu, an official at the company elaborated, SRTG purchased 23.82 million TBIG’ stock at Rp4,000 a shares, made on July 23. While Wahana, bought the shares twice, on July 19 and 23, with total amount 245.03 million shares at the same price.
Tower Bersama alos announce to issue unsecured global notes of up to $650 million. If it goes, according to plan, the company will absorb the bond issuance proceeds for debt refinancing. The notes are due for a maximum of 10 years, while the maximum interest rate is 6 percent depending on the interest rates in the market.
As of first half 2019, the tower operato has 26,713 rentals and 15,344 telecommunications sites. The company’ telecommunications site consists of 15,272 telecommunication towers and 72 DAS networks.
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