JAKARTA : Indonesian nickel company Trimegah Bangun Persada , also known as Harita Nickel, has set its initial public offering price at 1,250 rupiah a piece to raise 10 trillion rupiah in proceeds.
The company will sell 12.67 per cent of its stake in the IPO set for April 5-10, according to a company prospectus published on Tuesday. The pricing was set at the higher end of the initial indicative offering range of 1,220 rupiah - 1,250 rupiah, but the number of shares is lower than the maximum 18 per cent previously targeted.
The company in its partnership with China's Lygend Resources currently operates a high pressure acid leach plant in Indonesia's eastern Obi island, with an output capacity of 55,000 tonnes of mixed hydroxide precipitate . It has subsidiaries that operate ferronickel smelters with a combined total capacity of 305,000 tonnes per year.
Source: News Formal (newsformal.com)
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Environmental and Humanitarian Crime Behind the Octopus Harita Business Group Dirty Roads Electric Vehicles Trail via jatamnas
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