Jun 3, 2010

Indopoly sets IPO price Rp210-Rp315

PT Indopoly Swakarsa Industry sets price of initial public offering (IPO) at Rp210-315 per share, allowing it to bag total cash of Rp428 billion-Rp724 billion.
According to Indopoly's President Director Henry Halim in the IPO public expose said, Indopoly offers 35.17% stakes to public investors.
Indopoly, owned by Salim Group, has mandated single IPO underwriter PT OSK Nusadana Securities Indonesia. The IPO proceed will be used by Indopoly to develop organic expansion such as rolling out new plant and purchase machineries.
The company also plans to build new plant worth Rp450 billion and repay debt amounting to Rp100 billion to CIMB Niaga Bank.

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