Search This Bitch

Loading...

AddThis?

Share |

Thursday, January 14, 2010

2 firms listed in the stock market

as published in Bisnis Indonesia daily newspaper
Thursday, 14/01/2010 00:00 WIB
2 firms listed in the stock market

JAKARTA: Two companies, PT Tekno Orbit Persada and PT Grita Artha Kreamindo, plan to have IPO in the IDX.

Two firms here owned by the Indonesian Young Enterpreneurs Associtation (Hipmi) aims to get US$700-800 million for Tekno Orbit, and IDR250-350 billion for Grita Artha.

PT Satmarindo Group Commissioner, Adisatrya Suryo Sulisto, the holding company of Tekno Orbit Persada, said one of the subsidiary firms also aims to get investment from business partner in Dubai, United Arab Emirates.

"We plan to become partner with them. They seem to be quite ambitious to join," he briefed the press yesterday.

The company intends to allocate the fund to develop railway track to special port in the coal mining site in East Kalimantan. With the cost, the compnay also intended to increase the coal production into 10-12 million tons within the next 5-7 years.

Commissioner of Grita Artha Kreamindo Dodi Reza Alex said the company also targets to collect fresh cash from the IPO at the capital market for the laundry brand of 5 a Sec.

The fund will be allotted to construct 50 branches as from the current 45 outlets.

"The positive aspect of the company is the outlet as not simple franchise assets spreading everywhere but they could become our fixed assets as we possess them all."

In addition to both firms, chairman of Hipmi Erwin Aksa said there are two to three other companies to be listed in the bourse this year. "But I could not name them and their funds targeted from the IPO."

One of the subsidiary firms of PT Bosowa Corporation, PT Semen Batam, will have IPO in quarter II/2010 targeting to generate IDR200-300 billion proceeds. "It is the value of the initial phase."

He expected as from some 40,000 Hipmi members, 10,000 members could become active investors in the capital market.

Erwin also committed to encourage small and medium enterprises (SME) to seek low-priced fund from capital market rather than bank loan.

The incoming SME fund to the capital market could increase real sector which potentially moves domestic economy.

President Director of IDX Ito Warsito expected the commitment of Hipmi could increase the domestic investors into 2.3 million people in the next three years.

Business Development director of IDX Frederica Widyasari Dewi said the capital market authority predicted this year that 20 percent of the total Hipmi members participate in the capital market, "both as the investors or new emitter." (Bisnis/iaa)

0 comments:

Followers

Bisnis Online Free Automatic Backlink Investing Blogs - BlogCatalog Blog Directory