Latinusa raise IDR164 billion from IPO

PT Pelat Timah Nusantara price the share at level IDR325 and raise IDR 164 billion from initial public offering (IPO).

Formerly, the company set the pricing of 504 million shares to investors at IDR315-405 per shares offered to public.

Latinusa targets to tap some IDR1.8 trillion revenue in 2010 and IDR90 billion net profit. Now the company tinplate production capacity is 130,000 tons per year and will be increased into 250,000 tons by 2013-2014.