EMP Holdings Singapore Pte Ltd, subsidiary of Energi Mega Persada (ENRG), signed the acquisition of 49% shares in EMP International (BVI) Ltd held by Owen Holdings Ltd for Rp2.31 trillion on August 1st, 2013. ENRG shares rallied to above Rp110 for several days, but then dropped closer to Rp70 days later. Yesterday, Capitalinc (MTFN) announced a plan to issue new shares worth Rp2.78 trillion to acquire the same shares.

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