Tower engineering firm, PT Global LCK Kedaton Tbk planned initial public offering (IPO) by releasing as many 20 percent stake or around 200 million shares at a price of Rp 138-Rp 218 per share.
Director Global LCK Kedaton, Lim Kah Hock explained, from the execution of the IPO, the company will obtain fresh funds around between Rp 27,6 - Rp 43,6 billion.
In this IPO, the company pointed PT Mirae Asset Sekuritas Indonesia as guarantor of implementing emissions effect.
"The obtained fund will be used for working capital as much as 97 percent, while the rest is to finance research and training," said Associated Director of PT Mirae Asset Sekuritas Indonesia, Mukti Wibowo Kamihadi.
Director of LCK Global Kedaton Tbk Ruben Partogi says, until the end of June 2017 the company's record rise in assets amounted to 199 per cent or Rp 94,24 billion compared to June 2016 that is only Rp 31,57 billion.
"In 2014, the assets of LCK Global Kedaton worth Rp 394,12 million," he said.
Ruben mention, per June 2017 the liabilities value of the company reached Rp 9,49 billion, while equity amounted to Rp 84,75 billion. "Per June 2017, our revenues reached Rp 36,64 billion or increased 381 percent compared to the end of 2016. Net profit in June 2017 amounted to Rp 4,34 billion, "stated Ruben.
The company hope to have effective statement from the Financial Services Authority (OJK) on 29 December 2017, until the early bidding on 15-27 December 2017. The time of supply is estimated to be 3-9 January 2018, so listing in Indonesia Stock Exchange on 16 January 2018.
As information, the majority of the company's stock is owned by PT LCK Investama Prima Indonesia 64 percent, 33 percent is owned by PT Maju Mekar Makmur. PT LCK Indo Holding (affiliated LCK Group from Malaysia) hold more than 50% of LCK Investama Prima Indonesia stocks.
