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Jakarta - PT Jaya Agra Wattie intend to offer IPO (Initial PublicOffering / IPO) in the range of USD 480 - USD 670 per share.Funds can be collected from public companies reached a maximum of Rp 757.1 billion.
This was conveyed by Director of OSK Securities IndonesiaNusadana, Mardy Sutanto, in due diligence and public exposehere on Monday (02/05/2011). "The price of shares in the range ofUSD 480 - USD 670 per share," said Mardy.
He added, prospective issuers palm plantations, rubber and teawill release 1.13 billion shares or 30% of the total shares listed.Total funds available ranges from Rp 542.4 to $ 757.1 billion.
IPO proceeds will be done as funding the expansion of plantationsowned by Jaya Agra Wattie. Total funding for the planting ofrubber, oil palm, and the construction of factories and other facilities at the subsidiary to 90%. The rest for new land acquisitioncosts, the company working capital, expansion of office space,capital expenditures and purchase of computers and vehicles.
In the prospectus, as much as 10% of the total shares offered will be allocated to management and employees. Shares with a nominal value of Rp 100 per share.
The Company appointed PT Mandiri Securities and PTR Nusadana OSK Securities Indonesia as underwriters in thecorporate actions.
Initial offering period will be held on April 27 -11 May 2011,followed the bidding at 20.23 and May 24. After that the allotmentmade on 26 May and listing of shares on the Stock Exchange onMay 30, 2011. (WEP / ang)
source: detik.com
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