Aug 14, 2010

3 Local underwriters lead Garuda IPO

Ministry of State-Owen Enterprises has mandated three consortium of underwriters to manage an initial public offering (IPO) of state-owned flight company PT Garuda Indonesia.
"We have appointed three consortium of underwriters such as Bahana Securities, Danareksa Sekuritas, and Mandiri Sekuritas," said State-Owned Minister Mustafa Abubakar said. 
Following the underwriters, he said, they have to pick international selling agencies to help Garuda IPO.
According to him, despite a slump performance during the first half this year, Garuda IPO will be proceeded.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: