Komatsu’s Go Private Went Smoothly
Bisnis Indonesia, page B2, 2005-12-07
PT Komatsu Indonesia Tbk.’s plan to go private went smoothly. Only 900,000, or 0.14 percent, of its shares was not sold in the tender of the buy back. As much as 312 investors owning 102,022,288 shares, which represents 26.46 percent, participated in selling its shares. PT Bahana Securities has been appointed by mother company Komatsu Ltd. Japan as the agent to buy 26.6 percent of Komatsu’s shares. In the tender, the investor’s share of Komatsu was bought back at the price of Rp.8,500 per share, 50 percent above the secondary market price. From January to October 2005, Komatsi recorded a sales increase of 67 percent worth Rp.1.43 billion.

Komatsu’s Go Private Plan Approved
The Jakarta Post, page 13, 2005-09-22
PT Komatsu Indonesia, a local subsidiary of Japanese heavy equipment company Komatsu Ltd., has agreed to the company’s plan to delist its shares from the Jakarta Stock Exchange (JSX) and change its status to a private foreign investment firm. During an extraordinary meeting of shareholders, the shareholders have agreed to a plan by its principal to make a tender offer to obtain the shares owned by other investors for Rp.8,500 per share. Aside from Komatsu Ltd. (which holds 68.4 percent of shares), there are other investors such as PT United Tractors (5 percent), Sumitomo Corp. (4.3 percent), Marubeni Corp. (2.8 percent) and the public (19.5 percent).