Corporate Actions to Watch

Fortune Mate Indonesia (FMII) said that its unit, PT Indosuryo Wahyupahala (IWP), had issued a mutual fund instrument to raise Rp246 billion. FMII is controlled by Thandra M Gozali and Teddy Gunawan (through Surya Mega Investindo) with 46.67% stake ownership. Other shareholders are Royal Investment Holdings Company Ltd and public investors (24.81%).

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Transactions at Fortune Mate

Fortune Mate Indonesia (FMII) shares have rarely been traded with average volume of 91,600 shares per day in the past three months. The stock ended higher by 2.68% to Rp575 on Monday to make a market capitalization of Rp1.57 trillion, more than twice its equity as at September 30 (Rp673 billion).

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