JAKARTA. The management of PT Ciputra Development Tbk (CTRA) targets to have approval of the merger of its subsidiaries in the early of December 2016. Ciputra Group will propose three scenarios of the merger to the extraordinary general meeting of shareholders (RUPLSB). These scenarios include the conversions of the shares of PT Ciputra Property Tbk (CTRP) and PT Ciputra Surya Tbk (CTRS) to the shares of CTRA. Two other scenarios are the merger between CTRA and CTRS, as well as the merger between CTRA and CTRP. “We are almost done with the merger. We expect to have be listed under CTRA on 2 January 2017,” told Managing Director of CTRA Harun Hajadi to KONTAN, Friday (11/11). To ensure the plan runs smoothly, Ciputra Group continues to approach the public shareholders. Harun claimed that he had met at least 50 party shareholders with holdings below 5%.
Ciputra Group subsidiaries will merge in December
JAKARTA. The management of PT Ciputra Development Tbk (CTRA) targets to have approval of the merger of its subsidiaries in the early of December 2016. Ciputra Group will propose three scenarios of the merger to the extraordinary general meeting of shareholders (RUPLSB). These scenarios include the conversions of the shares of PT Ciputra Property Tbk (CTRP) and PT Ciputra Surya Tbk (CTRS) to the shares of CTRA. Two other scenarios are the merger between CTRA and CTRS, as well as the merger between CTRA and CTRP. “We are almost done with the merger. We expect to have be listed under CTRA on 2 January 2017,” told Managing Director of CTRA Harun Hajadi to KONTAN, Friday (11/11). To ensure the plan runs smoothly, Ciputra Group continues to approach the public shareholders. Harun claimed that he had met at least 50 party shareholders with holdings below 5%.