Golden Energy sets trading debut on Nov 17
Thursday, November 10 2011 - 08:43 AM WIB
PT Golden Energy Mines (GEMS), a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA), moves ahead with its listing on the Indonesian Stock Exchange after securing ?effective statement? from the Indonesian Capital Market and Financial Institution Supervisory Board (Bapepam).
Golden Energy will finally kick of its trading debut on the IDX on 17 November, after several times of delay.
Golden Energy is offering 15 percent of its shares in an IPO, slashed from 20 percent, at a price of Rp2,500 each.
Separately, shareholders of Dian Swastatika has also approved the company?s plan to sell 18 percent of its Golden Energy shares to GMR Infrastructure Investments at a price of Rp2,500 per share, or amounting to Rp2.65 trillion, said Dian Swastatika President Director, Krsinan Cahya.
Golden Energy expects to raise Rp2.2 trillion from selling 882.35 million shares via the IPO. (roffie/romel)