Dec 29, 2010

Sidomulyo Selaras sets 30% IPO in 2011

PT Sidomulyo Selaras, a company engaged in the business of freight transportation services of toxic chemicals plans to dispose 30% of its stock through an initial public offering (IPO).
Director of Indonesia Stock Exchange (IDX) Eddy Sugito said the prime target of listing of shares on the stock exchange by Sidomulyo Selaras is expected take place in the first quarter of 2011.
"This transportion of toxic chemicals company said that they are planning an IPO next year," said Eddy Sugito to press in the middle of PT Mitra Multifiling Indonesia Tbk’s initial listing ceremony, today.
Acting as an underwriter of the IPO that is PT Makinta Securities.
Based on the information, Sidomulyo Selaras founded in 1986 by Sasminto Tjoe. The company has a core business in logistics and transportation.

Disclosure: No position at the stock mentioned above.

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