GMF First MRO Flooring Company in Bursa

By : Herry Barus And Aldo Bella Putra | Saturday, September 30 2017 - 21:00 IWST

PT Garuda Maintenance Facility AeroAsia (GMF AeroAsia), (Foto Ist)
PT Garuda Maintenance Facility AeroAsia (GMF AeroAsia), (Foto Ist) - Jakarta - PT Garuda Maintenance Facility AeroAsia Tbk, an aircraft maintenance company (MRO) in Indonesia, is getting closer to a public company, considering the initial public offering plan gets an effective statement from the Financial Services Authority.

"We are confident and optimistic that this is the best way to increase the value of the company and contribute more to Indonesia," GMF President Director Iwan Joeniarto said in a written statement received by Redasi in Jakarta on Friday. (9/29/2017)

The total shares offered by GMF in this initial public offering (IPO) are 2,823,351,100 shares which are entirely new shares or as much as 10 percent of the total issued and paid up capital of GMF after the IPO.

Meanwhile, the total number of shares offered in the original plan is to a maximum of 10,890,068,700 shares which are entirely new shares, equivalent to 30 percent of the total issued and paid up capital of the company after the IPO, with a composition of 20 percent for public and 10 percent for strategic investors.

It is said, taking into account the interest of potential investors both public and strategic investors during the book-building period, and to optimize the value of the company, the GMF decided to release shares with a composition of 10 percent for the public at the time of the IPO and 20 percent for strategic investors post-IPO expected can support GMF's vision of being "Top 10 MRO in The World".

The public offering period will take place on October 2, 3, and 4, 2017, by opening an outlet at the office of the Datindo Entrycom Securities Administration Bureau located on Jl. Hayam Wuruk No. 28 floor 2 Central Jakarta.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…