Triniti Land is officially listed on IDX

15 January 2020 13:19

JAKARTA - PT Perintis Triniti Properti Tbk (TRIN) has officially debuted on the Indonesia Stock Exchange today (1/15). In the IPO, TRIN released 648.83 million shares at an exercise price of Rp 200 per share. In addition, TRIN also carried out the conversion of mandatory convertible bonds by issuing 444.5 million shares.

The amount is equivalent to 25% of all paid-up capital after the IPO. For information, TRIN managed to reap fresh funds of Rp 218.6 billion and was oversubscribed by 3.17 times.

"The amount of public interest in our share is a proof of people's trust in the Triniti Land group. In addition, this success is also a significant challenge for the Triniti Land group to be able to grow in line with investor expectations," said Perintis Triniti Properti President Director Ishak Chandra as quoted from Bisnis.

The fresh funds worth Rp 218.6 billion consisted of public funds of Rp 129.7 billion and MCB conversions of Rp 88.9 billion. (LM)

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