BUSINESS INFORMATION - PT International Nickel Indonesia (PT Inco Tbk) announced that Vale Inco Limited, to sell 205,680,000 shares of PT Inco, or 2.07 percent of the company's shares issued and fully paid.
Sales are made through book building process, according to a press release from the Jakarta Inco received in Makassar, Thursday.
Vale Inco Limited is a subsidiary of Vale SA (Vale) the main shareholder of PT Inco Tbk.
After this transaction, the composition of the major shareholders of the Company to be 58.73 percent owned by Vale Inco Limited, 20.09 percent by Sumitomo Metal Mining Co.. Ltd. and 21.18 percent by public shareholders and others.
In addition, the general meeting extraordinary shareholders (EGM) today (27 / 8), Inco shareholders approved the proposed changes in company statutes with provisions to adjust? Provisions of Bapepam and LK No. IX.J.1 the main frame of the company statutes that make a public offering are equity securities and public companies.
In addition, shareholders also approved the resignation and the appointment of Marco Pires Mark J. Travers as a member of the Board of Commissioners to replace Pires.
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