HD Finance set bottom for their shares

4/5/2011

Irvin Avriano A.

HD Finance set bottom for their shares

JAKARTA: PT HD Finance Tbk, an Orang Tua Group multifinance company, set their shares price offered at IDR200, the bottom level from indication offered range at IDR200--250. The price also formed their fund gathered on their initial public offering (IPO) only IDR92 billion.

The new shares coded HDFA is offered as much as 460 million sheets, a 29.87% portion of their 1.54 bio sheets total shares. The fund pocketed will be used for their financing expansion.

The new Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) occupant will listed their shares on May 10th.

New emitters that formerly established with name PT Indonesia Lease Corporation appoint PT Makinta Securities as their shares lead underwriter, with help from 20 other securities house as the joint underwriters.

The other company's shareholder consist of PT HD Corpora 21.42%, Wealth Paradise Holdings Ltd 48.7%, and Soeharto Djojonegoro 0.0006%.

The multifinance company that commandeered by Hariono is targeted IDR1 trio financing lending this year, up to 33.33% higher than last year achievement IDR750 bio.