PT Sidomulyo Selaras has set its initial public offering (IPO) at Rp205-Rp260 per share, enabling the company to grab Rp58.31 billion-Rp73.95 billion.
The company will use 86.96% of the proceed to support investment and the remaining will be used as working capital. Sidomulyo plans to list its shares at Indonesia Stock Exchange on July 12 2011.
Disclosure: No position at the stock mentioned above.
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