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Wednesday, February 2, 2011

HD Finance will IPO IDR100 bio

Irvin Avriano A.
Bisnis Indonesia

HD Finance will IPO IDR100 bio

JAKARTA: PT HD Finance, finance company from the Orang Tua Group, intends to conduct an initial public offering (IPO) worth at least IDR100 billion.

Company Assessment Director of Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) Eddy Sugito said the company plans to issue as much as 30% of its shares to the public in the 2nd quarter of 2011.

He said the future emitters have held limited expose (mini-expose) to the stock exchange authorities today.

"[Underwriter for the issuance is] PT Makinta Securities," said Eddy to Bisnis tonight.

Based on searches of the company's official website, the future stock issuers of shares that have their headquarters in Kebon Jeruk, West Jakarta. Orang Tua Group itself has a focus on business in the field of consumer goods with products known for wine with brand Anggur Cap Orang Tua, Tango Wafer, Kiranti, instant noodles Kare, and health drinks Vita Charm.

In addition to HD Finance, companies that has expressed interest to conduct an IPO this year is PT Aditec Cakrawiyasa, PT Minna Padi Investama, PT Molindo Raya Industrial, PT Sejahtera Anugerahjaya, and PT Metropolitan Land.

Then there are PT Bumi Kencana Eka Sakti (Golden Energy), PT Cipaganti Citra Graha, PT Buana Listya Tama, and PT Mitra Bahtera Segara Sejati. The other candidates are PT Sidomulyo harmony and PT Jaya Agra Wattie (JA Wattie).



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