ASL ready to trade on Indonesia Stock Exchange
JAKARTA - PT Autopedia Sukses Lestari Tbk (ASLC) a company engaged in the automotive sector, ranging from car and motorcycle auctions, online car buying and selling, and car and motorcycle price data provider, captures opportunities from the prospective used vehicle business by conducting an Initial Public Offering (IPO). This step is the Company's commitment to develop an integrated used-vehicle buying and selling ecosystem after officially obtaining the Pre-Effective Permit and publication permit from the Financial Services Authority (OJK) on December 28, 2021. In the IPO process, the Company will release 20% of the issued capital.
Jany Candra as President Director of ASLC said, "This achievement is an important milestone for the Company because this moment will be the main foundation for the Company to develop an O2O business model for buying and selling used vehicles by transforming technology and digitizing automotive auctions, as well as creating a more integrated used car buying and selling ecosystem.”
For information, based on the Summary Prospectus that has been issued, the Company offers a maximum of 2,549,271,000 shares or 20% (twenty percent) of the capital placed and fully paid after the Initial Public Offering of Shares with an offer price of IDR200 to IDR276 per Share.
Jany explained that the funds obtained from the IPO will mostly be used by the Company for the operation of new business activities that will begin full operation in early 2022, namely the business of buying and selling used vehicles both online and offline. Along with these efforts, the Company will also expand its network and increase the inventory of used vehicles in an effort to provide increasingly varied choices of more affordable locations and convenience of transacting for potential consumers "This is evidence of the Company in developing its business lines in the future," he said. (LM)