JAKARTA. As a part of its long-term strategy, PT ASDP Indonesia Ferry (Persero) would require IDR 6.5 trillion of investment within the next five years. Half of the amount is targeted to be attained during the initial public offering (IPO) of IDR 3.25 trillion, scheduled for next year.
Djunia Satriawan, Financial Director of ASDP Indonesia Ferry, reveals that the IPO is one of the long-term strategies and corporate actions set by ASDP. “We are planning to acquire investment of IDR 6.5 trillion within the next five years, half of which to be gained through the exchange,” Satriawan confirmed in a virtual press conference, Thursday (22/7).
Regarding the IPO plan, ASDP is currently examining its financial condition and analysing growth for the next five years. The number of shares planned to be issued to the public in H1 2022 equals 20%-25%.
Satriawan claims that the proceeds from the IPO would be spent on investing in production equipment, including boats, port, and harbour revitalisation. (AM/ZH)