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Bliss Properti allocates Rp 12.57 billion for capital expenditure

21 January 2020 06:40

JAKARTA - PT Bliss Properti Indonesia Tbk (POSA) has allocated capital expenditure of Rp 12.57 billion this year. The source of capital expenditure comes from the results of the IPO on May 10, 2019 which earned a net profit of Rp 249.48 billion.

As quoted from the disclosure of corporate information, Gracianus Johardy Lambert, President Director of PT Bliss Properti Indonesia Tbk (POSA) said that realized capital expenditure was Rp 39.82 billion from a budget of Rp 52.39 billion as of 31 December 2019. While working capital had already been realized as much as Rp 168.45 billion of the total budget of Rp 197.11 billion. The remaining proceeds from the IPO currently amount to Rp 41.20 billion which is earmarked for loans to shareholders.

Previously, POSa offered 1.70 billion new shares in an IPO with an exercise price of Rp 150 billion. In the corporate action, the company earned a total fund of Rp 155 billion. The lead underwriter in the corporate action was PT NH Korindo Sekuritas Indonesia. (LK

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