Sunday, January 2, 2011

Martina Berto plans to raise IDR262.7 billion from IPO

PT Martina Berto, the Indonesian cosmetics producer said. the plans to raise IDR262.7 billion WITH selling a 33.17 percent stake in an initial share sale next month to repay debt and fund expansion. PT Trimegah Securities Tbk help Martina Berto to arrange share sale.
Martina Berto plans to offer 355 million new shares at IDR740 apiece to the public from Jan. 3 to Jan. 7 and expects to start trading on the stock exchange in Jakarta on Jan. 13.

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