Jul 2, 2011

Sidomulyo Selaras sets IPO at Rp225

Chemical transportation provider PT Sidomulyo Selaras Tbk has set initial public offering (IPO) at Rp225 per share, entitling the company with Rp53.33 billion proceed.
During the IPO, Sidomulyo Selaras plans to issue 237 million new shares or 26.13% of its enlarged capital scheduled on July 12. PT Makinta Securities is the only underwriter for the IPO. 
Post the IPO, Tjoe Mien Sasminto controls  55.68% stake in Sidomulyo Selaras, Sugiharto owns 14.99% stake, Amelia Ritoni Tjhin owns 3%, and Jonathan Walewangko holds 0.02%.
Within 8 months after the shares listing, Tjoe Mien Sasminto, Sugiharto, Amelia Ritoni, and Jonathan Walewangko are not allowed to transfer their shares in Sidomulyo Selaras.  

Disclosure: No position at the stock mentioned above.

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