Jan 12, 2011

Mayapada Hospital plans 13.5% IPO

PT Sejahteraraya Anugrahjaya aims to dispose 13.5% shareholding via initial public offering in April 2011.
Eddy Sugito, Director of Indonesia Stock Exchangem said Sejahteraraya, the owner of Mayapada Hospital, has submitted IPO document.
According to him, Sejahteraraya will use 95% of the IPO proceed to develop the hospital as capital expenditure and the remaining will be utilized for working capital. PT Evergreen Capital is the IPO underwriter. 

Disclosure: No position at the stock mentioned above.  

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