<span id="midArticle_start"/> May 4 (Reuters) - Indonesian tycoon Tahir said hispurchase of a 14.9 percent stake in Singapore-listed RambaEnergy Ltd is a "good entry" to oil and gas and maylook at more expansion opportunities in the sector.
<span id="midArticle_0"/>Ramba, which has oil and gas assets on the Indonesianislands of Java and Sumatra, said on Sunday it will raise S$17.9million ($13.4 million) in net proceeds from a private placementof 68 million shares at S$0.27 each to Tahir.
<span id="midArticle_1"/>The announcement sent Ramba shares surging as much as 17percent on Monday.
<span id="midArticle_2"/>"There are several blocks in Indonesia that are promising.Ramba also has a big room for expansion," Tahir, the founder ofIndonesian conglomerate Mayapada Group, told Reuters by phone."It's a good entry to start in the oil and gas sector."
<span id="midArticle_3"/>Mayapada's hospital operator unit, PT SejahterarayaAnugrahjaya Tbk, is planning a rights issue to raise 1trillion rupiah ($77 million) in the second quarter, Tahir said.
<span id="midArticle_4"/>The group's Bank Mayapada Tbk may also go for arights issue in September to raise 650 billion rupiah, he added.
<span id="midArticle_5"/>($1 = 1.3318 Singapore dollars)($1 = 12,985.00 rupiah) (Reporting by Cindy Silviana; Writing by Eveline Danubrata;Editing by Himani Sarkar)
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<span id="midArticle_0"/>Ramba, which has oil and gas assets on the Indonesianislands of Java and Sumatra, said on Sunday it will raise S$17.9million ($13.4 million) in net proceeds from a private placementof 68 million shares at S$0.27 each to Tahir.
<span id="midArticle_1"/>The announcement sent Ramba shares surging as much as 17percent on Monday.
<span id="midArticle_2"/>"There are several blocks in Indonesia that are promising.Ramba also has a big room for expansion," Tahir, the founder ofIndonesian conglomerate Mayapada Group, told Reuters by phone."It's a good entry to start in the oil and gas sector."
<span id="midArticle_3"/>Mayapada's hospital operator unit, PT SejahterarayaAnugrahjaya Tbk, is planning a rights issue to raise 1trillion rupiah ($77 million) in the second quarter, Tahir said.
<span id="midArticle_4"/>The group's Bank Mayapada Tbk may also go for arights issue in September to raise 650 billion rupiah, he added.
<span id="midArticle_5"/>($1 = 1.3318 Singapore dollars)($1 = 12,985.00 rupiah) (Reporting by Cindy Silviana; Writing by Eveline Danubrata;Editing by Himani Sarkar)
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