Monday, July 23, 2007

JP Morgan Cancels to Underwrite IPO Darma Henwa

JP Morgan Securities Indonesia has cancels to underwrite the initial public offering of 20%-30% shares of PT Darma Henwa.

Darma Henwa has targeted to get US$100 million from the IPO instead of US$200 million on the previous plan. Darma Henwa has filed the plan to Bapepam LK and the Jakarta Stock Exchange so that the IPO should be arranged next September.

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