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Dec 05, 2016 15:03:37

Ciputra Group delays EGM plan to 27 December

Ciputra Group has delayed its EGM plan to 27 December from 2 December previously. At the EGM, the group will ask for shareholders approval to merge Ciputra Development ($CTRA), Ciputra Surya ($CTRS) and Ciputra Property ($CTRP) in order to simplify the group’s business structure and its liquidity in the stock market. Separately, CTRA has allocated IDR710.84bn to buy back CTRP/CTRS shares if shareholders decided not to approve the planned merger. (Bisnis.com, Kontan)

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