22
Jun
11:47
PAM Mineral to go public on IDX
Indonesian nickel miner PT PAM Mineral is planning to launch an initial public offering on the Indonesian Stock Exchange (IDX), Kallanish notes.
According to the prospectus published on its website, the firm intends to issue 2 billion new shares with a par value of IDR 20 ($0.0014) per share. The period of PAM’s IPO is 16-22 June, with listing on IDX on 8 July.
The company expects to raise about IDX 2 billion from the IPO, of which 30% will be used to …
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