PT BW Plantation, an Indonesian plantation company, plans to raise as much as 908 billion rupiah ($93.4 million) from an initial share sale next month.
The Jakarta-based company plans to sell 1.211 billion shares in an initial public offering in October, pricing the shares from 525 rupiah to 750 rupiah apiece
The company plans to price the share sale Oct. 13 and start offering the securities to investors Oct. 20 to Oct. 21 with a planned listing on the Indonesian Stock Exchange Oct. 27.
The company hired PT BNP Paribas Securities Indonesia and PT Danareksa Sekuritas to help manage the share sale.
Tuesday, September 29, 2009
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