JAKARTA. PT FAP Agri Tbk plans to hold an initial public offering (IPO) on Indonesia Stock Exchange (IDX) with a target of IDR 1 trillion.
The IPO will take place on December 21-23, 2020, according to official information obtained by idnfinancials.com. Furthermore, the listing of shares on the IDX will be carried out on January 4, 2021.
In the announcement of Indonesian Central Securities Depository (KSEI), signed by Director Syafruddin, FAP Agri would offer 544,441,800 shares with a nominal value of IDR 1,000 per share. Meanwhile, the share offering price has been set at IDR 1,840 per share.
FAP Agri’s management has appointed PT BCA Sekuritas as the underwriter.
For information, FAP Agri’s management currently claims to control a land with an area of more than 100,000 hectares, with 8,000 hectares of conservation area. The company has 10 subsidiaries, 5 palm oil mills with a total capacity of more than 200 tons per hour, and 1 kernel processing plant. (KR/VA)