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The Jakarta Post
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DKI Jakarta, Indonesia
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Sriboga expects to raise $72m from IPO to finance expansion

  • Linda Yulisman

    The Jakarta Post

Jakarta | Wed, February 27 2013 | 12:57 pm

Major flour producer and food chain operator PT Sriboga Raturaya plans to float its shares on the bourse this year, aiming to generate up to Rp 700 billion (US$72.11 million) to support its expansion plans.

“We will offload shares that will account for between 10 percent and 25 percent of our enlarged capital, depending on the situation,” president director Alwin Arifin said during a pr...

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