BW prepare option allotment

Palm oil plantation company, PT BW Plantations Tbk prepare option over allotment for IPO, maximum 60,55 million shares. BW will issues 1.21 billion shares with nominal price IDR100.
BW issues
PT Mitra Energi Global, offer option over allotment if there is oversubcribed.
BW , is estimated to spend IDR1.2 trillion capital expenditure in the next three years to finance the planting and infrastructure development.
In a research released by PT Danareksa Sekuritas on 29 August, some 13 percent of the capital expenditure will be allotted for palm oil processing expansion.
BW, which planned to sell 30 percent shares in the IPO with IDR1 trillion fund target, is estimated to use loan to meet the capital expenditure.
BW issued 897 million new shares and 157.04 million shares owned by PT Surya Cipta Sejahtera.
Who is shareholders of BW? BW Investindo has as much as 50%, Farallon Investment Pte Ltd by 30%, PT Wahana Platinum 5% for Indonesia, PT Cahaya Cipta Global by 5%, PT Mitra Global Energy as much as 5% and PT Surya Cipta Sejahtera as much as 5 %.