- VIVAnews/Hadi Suprapto
VIVAnews – PT Newmont Nusa Tenggara is still expecting the Constitutional Court to pass a verdict on the company's divestment of seven percent of stocks.
“Finance Minister and the House of Representatives (DPR) have yet to speak the same language on the matter. It was brought to the Constitutional Court for clarification,” said President Director of Newmont Nusa Tenggara, Martiono Hadianto, today, Feb 28.
The decision to hold IPO had been made in the company's extraordinary general meeting of shareholders in 2010.
Martiono expects the legal grounds of Newmont’s 7 percent share divestment will be issued in no time. If the Constitutional Court opted for the government to receive the shares, Newmont will have to set up another shareholders' meeting.
“If the Constitutional Court approves the government’s request, then we will have new shareholders. Another meeting of shareholders is thus required,” he said.
The purchase of Newmont’s remaining share divestitment of seven percent by the government was questioned by the House because it was carried out without its approval.
The government applied Law No.41/2004 on State Treasury, which mentions that the government does not need to gain approval from the House.
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