03
Sep
11:00
Gunung readies for smaller IPO
Indonesian flat steel firm Gunung Raja Paksi says it plans an IPO on the Indonesia Stock Exchange on 19 September after it completed a due diligence meeting on Tuesday, according to local media. The listing is smaller than it had originally intended, however, Kallanish notes.
The company plans to list 1.238 billion shares at a price of IDR 500 each, raising up to IDR 619 billion ($43 million). The listing will be just over 10% of the company. 99.52% of…
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Anonymous
Very good overview of the weekly steel market.
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