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12/6/11

Shutter Cipaganti USD 750 Billion Selling Shares on the Stock?

Make Money Blog$ ,Jakarta - Intention transportation services group, PT Citra Graha Cipaganti offer its shares to the public re-runs. The Company will release about 35% of the total shares with a target fund of Rp 750 billion.


According to Chief Operation Officer (COO) Cipaganti Group, Mulyadi, the implementation of the initial public offering, aka an initial public offering (IPO) scheduled for first half of 2012. The Company has appointed PT Batavia Prosperindo Securities as underwriters (underwriter).
"All proceeds from the sale of shares for business development. Especially for the development of coal mining in Kalimantan division," said Muyadi in a press release on Tuesday (05/12/2011).
In addition to business in the transportation sector, he said, Cipaganti Group now manages two coal mining areas in Batulicin, and Penajam South Kalimantan, East Kalimantan. Coal production company up to now reach 50 thousand metric tons per month.
Company's long-term target of coal production will be boosted to 3 million metric tons per year.
"Cipaganti has great potential. In order to grow and deliver greater benefits for society at large then the choice is to become a public company and is managed professionally," said CEO Cipaganti Group, Andianto Setiabudi.
According to former Chairman Bappepam Marzuki Usman, who is a candidate Commissioner Cipaganti Independent Group, with the IPO brings positive benefits for shareholders and stakeholders. Being a public company, also makes Cipaganti can be managed professionally.
Mulyadi said, the business lines otojasa still the biggest profit contributor. Cipaganti Group operates a fleet of road transport pathway 3500 various cities in Java and Bali. Until 2015, will have 15 thousand Cipaganti Otojasa fleet, with a range of services covering Java, Bali, Sumatra and Kalimantan.
Cipaganti also now runs a business renting heavy equipment, business property and ticketing water. Heavy equipment leasing operations in Borneo and Java, and will be developed through to Sumatra and Sulawesi.
Business properties have also been run, by building some houses in the city of Bandung, which I in Ciwastra Cipaganti Graha, Graha Cipaganti Cipaganti Dreamland II and at the End Berung and Cipaganti Rahayu Cipamokolan Regency in Soekarno Hatta Bandung in the municipality.
One other business lines, Cipaganti-RB Sharia. This bank is universal and inclusive of service products, among others, savings, deposits and financing.
source: detik.com
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