JAKARTA – PT Klinko Karya Imaji Tbk (KLIN), a household equipment manufacturer, allocates the capital expenditure budget of IDR 8.91 billion this year to add more facilities and increase production capacity.
Quoting its short prospectus today (10/8), it is said that the said capital expenditure budget will use 38.75% of the initial public offering (IPO) proceeds, which totalled to IDR 23 billion. In its IPO last week, from August 2 to 5, 2022, KLIN offered 230 million shares for IDR 100 each.
As said above, several pieces of machine will be bought to enhance the facility and production capacity. They include 12 units of table tufting machine, 10 units of walking foot sewing machine, 8 units of spin mop winding machine, 4 units of briding machine, and others. Additionally, the budget will cover acquisition of operational activities and office tools, such as laptops and other gadgets.
Another 40% of the IPO proceeds will be utilised to build the headquarter, raw material warehouse, and other production areas. Then, the remaining 21.25% will be channelled to the company’s working capital, namely KLIN’s product marketing. (LK/ZH)