Garuda Indonesia Airlines (Persero) plans to conduct an initial public offering (initial public offering / IPO) in late January 2011. "IPO is still the process," said Director General Garuda Satar at a news reporters after the opening of Garuda Indonesia Travel Fair 2010 in Jakarta Convention Center Building, Friday (8 / 10).
The target of this IPO, according to the Emir, retreated about 5 weeks from the original plan in December 2010. "It'll be great preparation," he said. Thus the roadshow schedule offering shares to potential investors will also be menyesuaiakan. It is estimated that in early January.
Meanwhile, VP Corporate Communications Garuda Indonesia Pujobroto said the IPO will use the results of audits of financial statements in September 2010. Financial audit to be completed by the third week of October. "Then will roadshow to Europe and the United States. The time is about 1 to 2 weeks," he said.
Garuda have not confirmed the number of shares to be released. "How many shares will be released to the public still do not know because it depends on the share price later," said Pujobroto.
In accordance with the provisions, he said, shares to be privatized should be no more than 40 percent. And the incoming fund target by $ 300 million for the development of Garuda in the future.
The target of this IPO, according to the Emir, retreated about 5 weeks from the original plan in December 2010. "It'll be great preparation," he said. Thus the roadshow schedule offering shares to potential investors will also be menyesuaiakan. It is estimated that in early January.
Meanwhile, VP Corporate Communications Garuda Indonesia Pujobroto said the IPO will use the results of audits of financial statements in September 2010. Financial audit to be completed by the third week of October. "Then will roadshow to Europe and the United States. The time is about 1 to 2 weeks," he said.
Garuda have not confirmed the number of shares to be released. "How many shares will be released to the public still do not know because it depends on the share price later," said Pujobroto.
In accordance with the provisions, he said, shares to be privatized should be no more than 40 percent. And the incoming fund target by $ 300 million for the development of Garuda in the future.
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