Mar 22, 2011

Mayapada Hospital IPO at Rp115-Rp130

PT Sejahteraraya Anugrahjaya Tbk, the management of Mayapada Hospital, sets stock price in the range of Rp115-Rp130 per unit for its initial public offering, with nominal value of Rp100 per unit.
Given the price range, Sejahteraraya will generate Rp90 billion to Rp100 billion from releasing 750 million shares in the IPO, equal to 13.5% of the company total shares. The company will start trading on April 11, 2011.
Independent Director Mayapada Hospital Sugiman Chandra Rahardja revealed that the company will use the proceeds of IPO to build an 11-story hospital on 40,000-square meter land with capacity of 300 beds in Lebak Bulus, South Jakarta.
“The new hospital will operate under the management of Mayapada’s subsidiary, PT Nirmala Kencana Mas. The piling has been completed, and it is expected that the construction finishes by the end of 2013 and in 2013 it can start operating,” he said in a public expose at Auditorium Mayapada Hospital, Tangerang yesterday.

Disclosure: No position at the stock mentioned above.  

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