Business

JP Morgan Chase Bank sells
CMNP shares

JAKARTA: JP Morgan Chase Bank has sold five million of its shares in publicly-listed infrastructure developer PT Citra Marga Nusaphala (CMNP), according to a file submitted by CMNP to the Indonesia Stock Exchange (IDX).

“There has been a change in share holdings for the period of Jan. 31, 2012, for the account of JP Morgan Chase Bank NA to 112.19 million from 117.19 million shares,” CMNP said on the file.

Following the change, JP Morgan Chase Bank NA’s ownership in CMNP decreased to 5.61 percent from 5.86 percent. The file gave no details about the buyer of shares from JP Morgan. According to figures available on IDX’s website, CMNP is 70 percent owned by the public, 13.32 percent by Morgan Stanley & Co Intl PLC–Heffernan Int’l Offshore Incorporation Ltd, 5.23 percent by Remington Gold Limited, 5.13 by its commissioner Ievan Daniar Sumampow and 5.13 percent by directors and commissioners.

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