JAKARTA - PT Trimitra Prawira Goldland Tbk (ATAP) was seeking fresh funds of IDR 25 billion through an initial public offering (IPO) on Indonesia Stock Exchange (IDX). In this corporate action, ATAP management offered 250 million shares at an exercise price of IDR 100 per share.
Quoted from the brief prospectus, ATAP listed 1.25 million shares on IDX trading board today (11/12) at a nominal price of IDR 40 per share. The proceeds from IPO will be used as much as 78.46% to buy land in Cibatok, Bogor, and the remaining 21.54% will be used as working capital. The purchased land in Cibatok includes an area of 2.03 hectares (Ha) in Cibatok I Village, worth IDR 13.39 billion, and 3 hectares of the land in Cibatok II Village, worth IDR 4.04 billion.
ATAP recorded an authorized capital of IDR 160 billion, issued and paid up capital of IDR 40 billion, with share ownership structure consisted of PT Trimitra Prawara (95%), Indriati (2.504%), and Yogo Sugeng Triyogo (2.496%). After this corporate action, the shareholder structure will now be PT Trimitra Prawara (76%), Indriati (2.003%), Yogo Sugeng Triyogo (1.997%), and public (20%). (LK/VA)