RETAIL STOCK AND BOND OWNED STATE

Meadow Master the 98% Shares of Matahari Department Store
The process of selling shares in PT Matahari Department Store Tbk (LPPF) by PT Matahari Putra Prima Tbk (MPPA) was eventually completed. On 1 April 2010 and then, CVC Capital Partners has bought stock in negotiated market LPPF total value of Rp 7.73 trillion.

This transaction was carried out five times starting at 9:32 pm until 9:36 pm. Acting as an intermediary broker transactions are PT CIMB Securities Indonesia and PT Ciptadana Securities.

Both brokers to trade in a price range USD 2704 to USD 2717 per share. However, if the price was divided equally, which gained the same nominal price of the purchase agreement between MPPA and CVC LPPF valued at USD 2705.33 per share.

The total shares that were transferred to CVC Lot reached 5.72 million or 2.85 billion shares. This amount is equivalent to 98% of the total shares are recorded and placed LPPF. Means, of larger amount than the amount of stock disposed LPPF MPPA of 90.76%. Apparently, Asia Pacific Holdings Ltd also involved in selling shares LPPF 7.24% to CVC as much.

MPPA President Benjamin Mailool asserted, LPPF share sale is completed. Therefore, the company will carry out all the plans that have been published before. Namely, to accelerate repayment of debt amounting to Rp 3.4 trillion, capital expenditure allocation of Rp 900 billion, and dividends of Rp 1 trillion.

Benjamin added, the proceeds from the sale of which had been due LPPF used to speed up bond payment amount will be transferred to accelerate the payment of bank debt and increasing the amount of dividends. Value of the bond amount is only about USD 500 billion, we still have a larger bank debt be repaid, said Benjamin. Unfortunately, Benjamin was reluctant to reveal whether the MPPA has been talking with banks on debt acceleration plan.

MPPA accelerate the repayment plan was rejected by holders of bonds. While the MPPA's largest creditor banks are Bank BNI, Bank CIMB Niaga, Bank BII, and HSBC. MPA was also launched during the year 2009 and its performance. They booked revenues of Rp 10.28 trillion, up 13.8% from the year 2008 which amounted to Rp 9.02 trillion. This is the MPPA konsoliasi revenue with revenues from contributions involving LPPF. MPPA while revenues only amounted to Rp 8.75 trillion, up 13.18% from 2008.

Despite slightly higher sales, net income increased by 2757.9% MPPA from Rp 10.49 billion to USD 300 billion. This year 2010, MPPA estimate booked revenue of Rp 8 trillion, or down 22.18% from the year 2009.

Can Telkom Bonds Rise So Rp 3 Trillion
The value of bonds to be issued by PT Telekomunikasi Indonesia Tbk (TLKM) was not yet final. There is a possibility, the telecommunications giant in Indonesia is increasing its debt issuance value of the original plan of Rp 2 trillion to Rp 3 trillion.

Until now, the company that called Telkom is still calculating the amount of bonds to be sold it. Needs while still Rp 2 trillion. Later we will refer to Rp 2 trillion, or Rp 3 trillion, said Director TLKM Rinaldi Firmansyah.

In addition, Telkom's value depends on amount of bonds approved credit by the bank. As we all know, Telkom is also currently negotiating with several banks to obtain credit.

Before issuing the bonds, the company's red plate is also still waiting for the completion of financial statements in 2009. Rinaldi sure, firm performance halo-halo can be increased compared to previous years.

In addition, Telkom also still have to submit a prospectus and request approval for the issuance of bonds to the Capital Market Supervisory Agency-Financial Institutions (Bapepam-LK).

So, Telkom intend to issue bonds in the second quarter of this year 2010. The proceeds from the sale of these bonds to finance capital expenditure of Telkom in 2010 which reached Rp 20 trillion.

This capital expenditure for the development of submarine optical fiber network that extends from Java island to Kupang, East Nusa Tenggara. This investment fund is also to build towers and other development

Currently, Telkom began working on small and medium enterprise segment (SME). For the center's services to SME development, Telkom has launched SME Center in Building SMESCO SMEs. The plan, Telkom will build the SME Center in 13 other large cities,

Executive General Manager Business Services Division of Telkom Slamet Riyadi estimates, the growth of the SME market has increased from Rp 11.6 trillion in 2010 to Rp 18.6 trillion was in 2014. SME market is very prospective.


Past TOTL 25.58 Million Sale of Shares Buyback Results
PT Total Bangun Persada Tbk (TOTL) continue selling its shares malancarkan action. Shares that are the result of a stock buyback program TOTL in times of crisis in 2008. Based TOTL disclosure letter published on April 1, 2010, TOTL dump as many as 890 000 shares on 31 March.

In this transaction, the construction company building was off its shares at an average price of USD 193.3 per share. Through the celebration, the TOTL successfully scooped fresh funds amounting to Rp 172.04 million.
The total number of shares that have been resold TOTL reached 25.58 million shares from 33.53 million shares from buyback in 2008. That is, the number of remaining shares buyback results that have not been released by the TOTL of 7.95 million shares.


Kimia Farma Immediately Establish a Child Enterprises
PT Kimia Farma Tbk (KAEF) get expanded its business. Red plates pharmaceutical companies will establish a subsidiary that produces the drug corticosteroid group. By launching its action, hoping KAEF shareholders are willing to cut its dividend portion.

Unclear portion of dividends in 2009 KAEF decline. To be sure, cuts dividend must obtain approval of General Meeting of Shareholders. KAEF has also established an internal team to prepare the child's formation of new businesses. At the end of April, we will sign a MoU with the company, said Adhi Nugroho KAEF Company Secretary.

In fiscal year 2007, dividends KAEF 30% of total net income. A year ago the portion down so 25% of total net income.


Complete the Medco Energi Panaran II Combined Cycle Power Plant Project
PT Medco Energi Internasional Tbk (MEDC) completed the construction of additional steam turbine generators at Power Plant and Steam Gas (Combined Cycle Power Plant) Panaran II, the island of Batam. Turbine generators with a capacity of 20.6 Megawatts (MW) is starting to be operational by the end of March.

Medco Energi began working on this project since June 13, 2008. Workmanship performed by Mitsui-Hyundai consortium with a project value of U.S. $ 54.6 million. The development is to increase electricity supply capacity in this island of 55.5 MW to 82.1 MW, said the Head of Corporate Secretary, Medco Energi, Cisca Alimin, in a press release, April 1, 2010.

Furthermore, the operation of Combined Cycle Power Plant II Panaran this is done by PT Dalle Energy Batam (Dalle Energy), children uasaha Medco. Panaran II Combined Cycle Power Plant will supply the electricity needs of nearly 80% on the island of Batam.