JAKARTA - PT Panca Mitra Multiperdana Tbk (PMMP) offered as many as 353 million shares with an exercise price of IDR 336 per share through an Initial Public Offering (IPO), starting today to Monday next week (14/12). From this corporate action, the company targets to raise fresh funds worth IDR 118.60 billion.
Quoted from the short prospectus published on Friday (11/12), the proceeds will be used 63.23% to build new factories and purchase machine tools, and the remaining 36.77% will be used as working capital to buy raw materials for production needs.
PMMP's authorized capital is recorded at IDR 800 billion with paid up and issued capital of IDR 200 billion, with the share ownership structure consists of PT Tiga Makin Jaya (TMJ) 60%, Soesilo Soebardjo 29%, Martinus Soesilo 10%, Hirawan Tedjo Koesoemo 1.00%. After the implementation of this corporate action, issued and paid-up capital will increase to IDR 235.30 billion, with shareholder structure consists of TMJ 51%, Soesilo Soebardjo 24.65%, Martinus Soesilo 8.50%, Hirawan Tedjo Koesoemo 0.85%, and public 15%. (LK/VA)