Sep 5, 2010

Wintermar Offshore eyes Rp400 bio IPO

A transportation company for supporting oil and gas business PT Wintermar plans to list its shares into the stock market via initial public offering scheduled in November this year.
Indonesia Stock Exchange Director Eddy Sugito, as reported by Bisnis.com, said Wintermar Offshore Marine Group will list its shares into the stock market arranged by PT Bahana Securities and PT CIMB Securities Indonesia. "Both brokerages underwrite Wintermal IPO," he said. 
Wintermar plans to sell 25% stakes into the public investor. A source said the company is eyeing Rp400 billion cash from the IPO. Wintermal has also filed IPO documents to Indonesia Stock Exchange and held a mini expose. 

Disclosure: No position at the stock mentioned above.

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