JAKARTA. PT Surya Biru Murni Acetylene Tbk (SBMA), an industrial gas manufacturer, announces its plan to acquire a lot worth IDR 23 billion in Balikpapan initially owned by its president commissioner.
Cintia Kasmiranti, Corporate Secretary of SBMA, confirmed that the company has signed the Sale-Purchase Binding Agreement over land that belongs to Effendi, the current President Commissioner of SBMA. The said lot is said to be 20,503 square metre wide.
“The land will be purchased using the proceeds gained during the Initial Public Offering (IPO), following the information disclosure in the form of a prospectus issued on September 1, 2021,” Kasmiranti further explained in the information disclosure in Indonesia Stock Exchange (IDX).
Kasmiranti also added that the said area would be utilised to boost SBMA’s operational activities. “It is related to the company’s vision to increase production capacity in 2022,” she elaborated.
Based on idnfinancials.com data, SBMA was officially listed on Indonesia Stock Exchange on September 8, 2021, by issuing 278.4 million shares to the investors during its IPO, sporting a price of IDR 180 per share. Thus, SBMA managed to collect IDR 50.11 billion by the end of its IPO. (KR/ZH)