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	<title>Financial Weekly&#187; Regulation and Rule</title>
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		<title>Standard of Regulation for Offer Tender in Indonesia</title>
		<link>http://twistedfateonline.com/2008/07/11/standard-of-regulation-for-offer-tender-in-indonesia/</link>
		<comments>http://twistedfateonline.com/2008/07/11/standard-of-regulation-for-offer-tender-in-indonesia/#comments</comments>
		<pubDate>Fri, 11 Jul 2008 18:35:10 +0000</pubDate>
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				<category><![CDATA[Regulation and Rule]]></category>
		<category><![CDATA[Financial Agency]]></category>
		<category><![CDATA[Offer Tender]]></category>
		<category><![CDATA[Regulation]]></category>

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		<description><![CDATA[Finally, the standard rule the tender offer that was waited for the market went out also. Beforehand, has had two rules that were dismissed the Supervisory of Board the Money Market and the Financial Agency (BAPEPAM-LK), and one of them the finishing of the number Regulation IX.H.1. This rule, according to the Head of BAPEPAM-LK [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Finally, the standard rule the tender offer that was waited for the market went out also. Beforehand, has had two rules that were dismissed the Supervisory of Board the Money Market and the Financial Agency (<strong>BAPEPAM-LK</strong>), and one of them the finishing of the <strong>number Regulation IX.H.1.</strong> This rule, according to the Head of <strong>BAPEPAM-LK</strong> Fuad Rahmany in information was written that was received <strong>okezone</strong> in Jakarta on Tuesday (1/7/2008), was formed the background by efforts to increase the liquidity of the market permanently gave the opportunity to the money market investors to continue to have the share of the company was open although the takeover against the company happening was open.</p>
<p style="text-align: justify;">The number regulation IX.H.1 in part contained:<br />
<span id="more-13"></span></p>
<ol style="text-align: justify;">
<li> The obligation of tender bargaining on the share of the company was open that has acquired, only was put on to the new manager of the company was open that had the share was bigger than 50 percent of all over the share that was stored was full, or this side had the capacity to determine, both directly or indirectly, by means of whatever the management and or the policy of the company.</li>
<li>If the obligation of tender bargaining to result in the Manager just had the share of the company was open more than 80 percent of the capital was deposited by the company was open, then in a period of was longest two years, the new manager obligatory shifted again the share of this Open Company (Tbk) to the community so as the share that was owned by the community to least 20 percent of the capital was deposited by the company was open with the provisions of this share was owned least by 300 (three hundred) the side.</li>
<li>The price of tender bargaining for the share that was recorded and traded in the stock exchange was least of the price in general from the most expensive price of the trade in the daily in the stock exchange for 90 (ninety) the last day before the announcement of the takeover or negotiations, or the price of the Takeover that has been carried out. This price must be chosen by the more expensive price.</li>
<li>The finishing of the provisions concerning the exception on the obligation of tender bargaining for the new manager of the company was open, by adding the provisions that stated that tender bargaining was not obliged for the new manager of the company to be open if the receipt of the share happened because of the implementation of the policy of the board or the government agency or the country, or if the implementation of tender bargaining will be compatible with the legislation regulation.</li>
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