Wednesday, September 2, 2009

Latinusa offer 500 million shares

PT Pelat Timah Nusantara (Latinusa) is scheduled to have initial public offering (IPO) by November with the total of 500 million shares offered.
The company plans to collect some IDR400-500 billion fund from the IPO. The company will use 50-80 percent of the fund to renew the machinery so as to increase the production capacity from 130,000 tons per day into 160,000 tons per day. The remaining IPO fund will be allotted to boost up the corporate working capital.

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