JAKARTA. PT Triniti Dinamik Tbk (TRUE) to launch its initial public offering (IPO) in Indonesia Stock Exchange (IDX) on June 10, 2021, targeting to score IDR 160 billion.
According to the Indonesia Central Securities Depository (lit. Kustodian Sentral Efek Indonesia/KSEI), the total shares to be offered to the public amount to 1.51 billion units with the nominal value of IDR 25 each, and the offering price starts at IDR 100 each.
TRUE appoints PT UOB Kay Hian Sekuritas as the underwriter. Based on idnfinancials.com data, the shares to be included in the IPO are equal to 20% of its issued and paid-up capital.
TRUE is a subsidiary of PT Perintis Triniti Properti Tbk (TRIN). As of December 31, 2021, 18.12% of TRUE’s stock is owned by TRIN. However, this portion is reduced by 53.37% from last year.
TRUE has been operating since 2014 within the apartment business sector. TRUE’s total assets before elimination reached IDR 714.73 billion in 2019. (KR/ZH)