Offer price of 7,000 rupiah. The last closing price is 4,600 rupiah.
DBS is buying the stake held by Temasek, the Sovereign Wealth Fund of the Singapore Government.
DBS will buy 67% from Temasek and issue 439 million shares at SGD $14.07. The price is 2.62 times the book value of Bank Danamon Indonesia.
Waiting to see where Bank Danamon Indonesia opens at.
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