Eight securities competing to handle Tugu Pratama IPO

PT Tugu Pratama Indonesia has invited eight securities companies to cope with the IPO in the semester II this year.
The securities companies here include PT BNI Securities, PT CLSA Indonesia, PT DBS Securities Indonesia, PT Danareksa Sekuritas, PT Danatama Makmur, PT Mandiri Sekuritas, PT Indo Premier Securities, and PT Trimegah Securities Tbk.
Pertamina has 40 percent Tugu Pratama share ownership, Pension Fund has 20 percent, PPA 17.5 percent, and Mohammad Bod Hasan 17.5 percent.
Tugu Pratama has 100 percent shares possession in PT Tugu Pratama Interindo (TP Interindo) as the investment company possessing 30 percent of PT Tugu Reasuransi Indonesia (Tugu Re) shares in which the government or PPA also owns 30 percent shares.
Bambang Trihatmojo also has 20 percent share ownership for Tugu Re and Pertamina Pension Fund 20 percent.
Besides, TP Interindo also has 10 percent of PT Asuransi Jiwa Tugu Mandiri in which PPA has 30 percent of shares, Pertamina Pension Fund possesses 40 percent and Timah Pension Fund 20 percent of shares. Tugu Pratama has gone into sharia insurance since 2005.
In the IPO scheme here, PPA seeks out to have tender over the sales of 17.5 percent of Tugu Pratama shares.