Share Price of the AGMS of the Armada Service is Rp 380 per Unit

By : Abraham Sihombing And Aldo Bella Putra | Monday, December 18 2017 - 22:00 IWST

PT Jasa Armada Indonesia
PT Jasa Armada Indonesia - Jakarta - PT Jasa Armada Indonesia's share price to be offered to the public through the Initial Public Offering (PUPS) is set at Rp380 per unit. Previously, the stock price of tugboat shipping companies and stretchers is set at the range of Rp325-530 per unit.

According to Kustodian Sentral Efek Indonesia (KSEI), the company has reduced the number of shares offered through PUPS from 1.743 billion shares to 1,215 billion shares.

Thus, the total proceeds from the company's PUPS reached Rp461.8 billion. About 90% of the total fund will be allocated to finance the company's capital expenditure (capex) and the rest for working capital.

Meanwhile, the company's post-purchase capital expenditure is to finance the purchase of new tugs and litter fleets to strengthen the ship to ship business segment. In addition, the funds will also be used to finance the development of private channel and port business in Indonesia.

In this PUPS, the company has appointed Danareksa Sekuritas and Mandiri Sekuritas as underwriters of the issuing of securities. The period of public offering was conducted from 18 December 2017 until tomorrow 19 December 2017. The company's shares will be listed on the IDX on December 22, 2017. (Abraham Sihombing)

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…