JAKARTA - PT Tourindo Guide Indonesia will make its debut on Indonesia Stock Exchange on January 8.
The issuer with PGJO stock code will release 150 million new shares to the public or equal to 48.98% of the company's total issued and fully paid up capital after the IPO.
For information, the IPO offering price is set at Rp 80 per share. Thus, the company can reap fresh funds of up to Rp 12 billion.
The IPO proceeds will be used for the company's working capital such as marketing and promotion costs, rental fees and operational costs to support the company's business activities. PT Surya Fajar Sekuritas was appointed as the IPO underwriter. (LM)