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Noonday buys more than 99 million shares of PT Indosat
By Lisa Kerner
Charlotte, N.C., Aug. 7 - PT Indosat Tbk. investors led by Noonday Asset Management, LP bought 99,268,500 shares of the company's stock, increasing their interest in the company to 8.0%.
According to a schedule 13D filing with the Securities and Exchange Commission, Noonday and its affiliates bought the shares between July 4 and Aug. 6.
The investors reported a 4.7% stake in the Jakarta-based company on July 7. They now beneficially own 432,226,800 shares of the Indonesian telecommunications network and service provider.
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