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11/17/11

Eka Perkasa Proposals Approved Solar IPO?

JAKARTA: a preliminary release of contract proposal IPO (IPO)of PT Surya Eka Perkasa has been approved by the Indonesia Stock Exchange.
 According to Director of Corporate ValuationIDX Eddy Sugito, the proposal will then be processed byBapepam-​​LK as the capital market authority.
 
"We've finished. Next live review by Bapepam," he said today.
 
As is known, PT Surya Eka Perkasa already entered preliminarycontract proposals to the Stock Exchange last week. In addition, companies engaged in gas processing has also been doingmini-expose.
 
Eddy added that he did not yet know whether the proposals that have been passed by the BEI has been processed further toBapepam-​​LK or not. According to him it is the duty tersesbutunderwriters of securities (underwriter).
 
Meanwhile, Equator Securities acted as underwriter in the IPOSurya Eka. If the licensing process went smoothly, then SuryaEka will begin to take the floor in January 2012 with the release ofabout 25% of the shares.
 
Proceeds from the IPO will be used to start a companyestablished since 2006 is for business development. Today, EkaSurya factory located in Palembang, South Sumatra, producessome products al LPG propane and butane LPG, Propane, andCondensate.
 
Until today, IDX has not received new preliminary contract proposals. Therefore, Eddy unsure if the new floor target of 25 companies this year could be achieved. (parachute)

source: bisnis.com
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