Heavy equipment distributor PT Intraco Penta expects
its financing unit, PT Intan Baruprana Finance, to launch an
initial public offering by selling 10 percent of its enlarged
capital, said Director Fred L. Marnibog.
He said the firm secured shareholders' approval on Aug. 25.
Intan Baruprana had total assets worth 2.5 trillion rupiah
($213.22 million) as of June. (Investor Daily)
Note: Reuters has not verified this story and does not vouch
for its accuracy.
(1 US dollar = 11,725 Indonesian rupiah)
(Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu)