· Bapepam stated that Tri Polyta has complied with regulation standards for its merger plan with Chandra Asri. The supervisory board has also said it has completed the screening procedure and will release its effective statement immediately.
· Separately, Tri Polyta will hold an EGM on October 27, 2010 to obtain approval on this plan. The company will merge with Chandra Asri through share swap mechanism, which would bring positive results for Tri Polyta.
· The share swap ratio is 1 (one) Chandra Asri share for 42,660 shares of Tri Polyta shares. Dilution impacts are 76.24% for Tri Polyta and 23.76% for Chandra Asri. The chosen appraisal stated that fair price for Tri Polyta is at Rp3,579 a share.
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