08 February 2018

KONTAN.CO.ID - JAKARTA. One more company will be listed on the Indonesia Stock Exchange (IDX), namely PT Mahkota Group, which is engaged in the palm oil mill sector.

The company plans to release 20% to 30% of its issued and paid-up capital. The integrated palm oil company hopes to raise IDR 100 billion to IDR 250 billion from the IPO. Later, the proceeds from the corporate action will be used for expansion.

“We will be listed in June, with December 2017 books,” said Nagian Tony, Independent Director of Mahkota Group, Wednesday (7/2). Tony said that his company will conduct a mini expose in early March.

The North Sumatra-based company has appointed Panin Sekuritas as the IPO underwriter. Currently, the company has assets of around IDR 1 trillion.

Source : http://investasi.kontan.co.id/news/mahkota-group-akan-ipo-dengan-target-dana-rp-250-miliar