SINGAPORE :Indonesian nickel firm PT Merdeka Battery Materials plans to price its shares at 795 rupiah each, at the top of the range for its initial public offering to raise 8.75 trillion rupiah , according to two sources with direct knowledge of the matter.Merdeka did not immediately respond to a request for comment.
The pricing would make Merdeka Battery's IPO the second largest in Indonesia this year after its peer PT Trimegah Bangun Persada raised 10 trillion rupiah. The two IPOs come as nickel-rich Indonesia ramps up its efforts to be a major player in the electric vehicle industry. Southeast Asia's largest economy, Indonesia is one of the world's hottest IPO markets this year as the government looks to privatise some state-owned enterprises.
Some $828.1 million worth of new share sales were issued in the first quarter, Refinitiv Eikon data showed, up from $202.3 million a year earlier.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia's Harita Nickel sets IPO price at 1,250 rupiah a shareJAKARTA : Indonesian nickel company Trimegah Bangun Persada (TBP), also known as Harita Nickel, has set its initial public offering price at 1,250 rupiah a piece to raise 10 trillion rupiah ($669.79 million) in proceeds.The company will sell 12.67 per cent of its stake in the IPO set for April 5-10, accor Environmental and Humanitarian Crime Behind the Octopus Harita Business Group Dirty Roads Electric Vehicles Trail via jatamnas Better check this out! Harita's wiping out our islands, destroying our ecosystem and poisoning our water. Download our report here: also check
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Troubled investment bank China Renaissance suspends share tradingBEIJING: Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday (Apr 3), saying the disappearance of its chairman meant it was unable to publish its annual results.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Woman charged $608 for lobster la mian: Restaurant apologises for any miscommunication regarding price of dishMost of us know that lobster is an expensive meal item but a woman was shocked when she was charged $608 for a lobster la mian dish at Paradise Teochew Restaurant. Read more at stomp.straitstimes.com
Source: stompsingapore - 🏆 11. / 53 Read more »
Consumers brace yourself: Oil price surges with surprise production cutsWith OPEC producers talking about production on the way, rising oil prices follow and inflation grows stronger. Either which way consumers go, they’ll bear th
Source: IndependentSG - 🏆 9. / 63 Read more »
UFC parent Endeavor Group to acquire WWE in US$9.3 billion dealEndeavor Group Holdings, the parent of the popular UFC mixed martial arts franchise, said on Monday (Apr 3) it will acquire entertainment firm World Wrestling Entertainment in a deal valued at US$9.3 billion. Endeavor said the deal represents a contribution price of about US$106 per share for WWE, which is
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UFC parent Endeavor Group to acquire WWE in $9.3 billion deal:Endeavor Group Holdings Inc, the parent of the popular UFC mixed martial arts franchise, said on Monday it will acquire entertainment firm World Wrestling Entertainment Inc in a deal valued at $9.3 billion.Endeavor said the deal represents a contribution price of about $106 per share for WWE, which is about Tony khan not interested ?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »