JAKARTA. PT Mega Perintis Tbk shares are officially listed on the Indonesia Stock Exchange (IDX), Wednesday (12/12), with the issuer code ZONE. However, the stock immediately experienced auto reject after the stock price increase of almost 50%.
At the opening of the trade, the shares of the company that started its business in the garment sector immediately recorded growth of 49.66% to the position of Rp 446 or experienced an autoreject.
The company released 197 million shares at a price of R 298 per share. This portion is equivalent to 24.72% of the issued and paid up capital.
Mega Perintis net sales as of June 2018 reached Rp 254.91 billion, up 14% year-on-year (yoy) from Rp 223.39 billion. Meanwhile, net income was recorded in the first half of 2018 worth Rp 29.03 billion.
The company started its business in 1999. Currently the business focus of ZONE is divided into three lines, namely retail trade through Mega Perintis and PT Mitrelindo Global, garment through PT Mega Putra Garment, and trading through PT Mitra Perintis Merdeka.
The brands owned by the company include Manzone, MOC, and Men’s Top. In addition, ZONE is also a Nike Indonesia distributor. (AM/MS)