The Business Times
business-time-50

Sinarmas unit obtains preliminary approval for Jakarta IPO

google-preferred-sourceAdd BT as a preferred source
Published Tue, May 5, 2015 · 12:00 PM

    PROPERTY developer Sinarmas Land said that subsidiary PT Puradelta Lestari has obtained preliminary approval for an initial public offering on the Indonesia Stock Exchange.

    The subsidiary will offer up to 10.8 billion new shares in the offering. Pricing has not been set.

    Macquarie Capital, Sinarmas Sekuritas and CLSA Indonesia are leading the offering, which is slated to close by the end of the month.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Singapore’s next chapter should not be framed as a choice between economic growth and social well-being. We need both.

    Singapore at 61: How we can ensure opportunity, security and ownership for the next generation

    Clockwise from top left: The founders of ImmunoQs, AI Seer and DancingMind. All three startups are based at JTC Corp’s LaunchPad @ one-north.

    With tech for fact-checking to cancer care, Singapore startups aim beyond home 

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Singapore consistently champions the open, rules-based order and the principle of Asean centrality that underpins regional and global stability.

    Why Asean matters more than ever to the UK and Singapore

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More