BUSINESS INFORMATION - Bottled water producer PT Aqua Golden Mississippi Tbk (AQUA) gave a bid of Rp450.000 per share to public shareholders

BUSINESS INFORMATION - Bottled water producer PT Aqua Golden Mississippi Tbk (AQUA) gave a bid of Rp450.000 per share to public shareholders who are still circulating in the market.

The company will conduct a going private or private company by doing voluntary delisting or voluntary delisting.

In Aqua management official announcement published Tuesday, noted that the price offered is a premium price, or in other words, the company dared to buy the public shares 83.82 percent higher than its current market price.

The highest trading price of the shares of Aqua in Indonesia Stock Exchange (BEI) within the last 90 days before the announcement of plans going private on Tuesday (8 / 9) is that of Rp244.800 per share.

This price also represents a premium of 83.06 percent of the highest trading price in the regular market IDX last 2 years prior to the announcement made on Tuesday (8 / 9) of this.

Aqua Management explained that the tender offer is part of the company's plan to go private. The Company ultimately chose to go private considerations namely, public shareholders can not sell their shares significant enough.

This is because trade shares are illiquid, the number of public shareholders is limited and the fact that there are quite a lot of shareholders who hold odd lots of shares of approximately 220 shareholders of 316 shareholders.

Based on the latest situation, the company believes can finance their own operations both today and future.

Ownership of the data at the end of July 2009, the foreign public shareholders only 1.54 per cent, while the Indonesian public is only 3.15 percent. The rest is owned controlling shareholder of Aqua Tirta Investama of 94.35 percent.