JAKARTA – PT Hasnur Internasional Shipping Tbk (HAIS) prepares a capital expenditure (CapEx) of IDR 150 billion to acquire three boats and barges. The funds for this transaction come from the proceeds of its initial public offering (IPO) held last week (24-30/8).
In the short prospectus quoted on Tuesday (31/8), the management reveals that it would allocate 46% of the IPO proceeds to the CapEx, or IDR 72.48 billion. Then, the remaining amount would be provided through bank loans. The purchase of the three sets of boats and barges is intended to support the operational activities and improve the composition of rented ships and private ships in fleet utilisation. The transaction partner for this boat and barge purchase is a third party unaffiliated to the company.
By debuting in the stock exchange, HAIS aims to secure IDR 157.75 billion by issuing 525,250,000 shares, with an offering price of IDR 300 per share. Besides allocating them to the CapEx, 23% of the proceeds would be channelled to its subsidiary, PT Hasnur Resources Terminal (HRT). The remaining 31% would boost its working capital, as in purchasing fuels for running the boat.
HAIS’s authorised capital was initially reported to reach 840 billion. Its issued and paid-up capital amounted to IDR 210 billion, while the stock in portfolio equalled IDR 629 billion. PT Nur Internasional Samudra (NIS) owned 51% of the shares, PT Hasnur Jaya International (HJI) had 35%, Jayanti Sari (JS) 7%, and Zainal Hadi Haji Abdussamad Sulaiman Haji Basirun (Zainal) 7%.
After the IPO, its issued and paid-up capital now rises to IDR 262.62 billion, while its portfolio depletes to IDR 577.37 billion. NIS now possesses 40.80% of the shares, HJI 28%, JS 5.6%, Zainal 5.6%, public 19.77%, and Employee Stock Allocation takes up 0.23%. (LK/ZH)