TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Property developer Sanurhasta Mitra lists on IDX
Property developer PT Sanurhasta Mitra (MINA) listed its shares on the Indonesia Stock Exchange (IDX) trading board on Friday.
Change Size
The commissioners and directors of PT Sanurhasta Mitra (MINA) pose for a photograph after the company listed its shares on the Indonesia Stock Exchange (IDX) in Jakarta on April 28. (JP/ecn)
Property developer PT Sanurhasta Mitra (MINA) has listed its shares on the Indonesia Stock Exchange (IDX) trading board.
The company listed 1.31 billion shares in the stock market under the code MINA on Friday, with the share price opening at Rp 178 (1.35 US cents), 69 percent higher than its offering price of Rp 105.
“We will allocate about 65.04 percent of the funds to buy 41.5 percent of the shares of PT Minna Padi Resorts to increase our ownership to 99.67 percent from 58.17 percent at present,” he told reporters after the listing ceremony at the IDX building in Jakarta.
The remaining 34.96 percent of the funds will be used for the company's operations, Airvin added.
MINA is a hotel developer that currently focuses on developing boutique villas in Umalas, Bali. The developer is the fourth company to list on the stock market this year. (ecn/bbn)
