Jakarta, 8 March 2023 – Today PT Petrindo Jaya Kreasi Tbk (CUAN)
officially listed on the Indonesia Stock Exchange (IDX) and became the 24th
issuer to list its shares on the IDX so far this year. This historic day was
marked by a ceremony held at the Main Hall of the IDX. President Director of
CUAN, Michael, President Commissioner of CUAN, Erwin Ciputra, attended this
event with members of the Company’s Board of Commissioners and Directors and
accompanied by Underwriters who assisted the Company in the IPO process, Henan
Putihrai Sekuritas and BRI Danareksa Sekuritas. On this occasion, the President
Director of CUAN, Michael, said that the Company really appreciates the
tremendous enthusiasm from the public for CUAN’s first debut in the capital
market. He continued, CUAN through its subsidiary, PT Tamtama Perkasa, is
committed to running a sustainable coal mining business that is able to create
added value for the progress of the national industry so that it can continue
to contribute to driving Indonesia’s economic growth.
Category: News
Record Milestone, CUAN Officially Put Its Name as Issuer on Indonesia Stock Exchange
Oversubscribed, CUAN’s Initial Public Offering Received Positive Responses
Jakarta, 7 March 2023
Ahead of its Initial Public Offering D-day, PT Petrindo Jaya Kreasi Tbk (CUAN) recorded an oversubscribed for its shares by 48.85 times based on the pooling version. This positive response from the capital market shows optimism and confidence from the public in the domestic mining business, which is increasingly showing good growth trends.
The Company is carrying out its first corporate action to obtain maximum funding of Rp 371.8 billion, which will be used by its subsidiary, PT Tamtama Perkasa, to build an intermediate stockpile (ISP) and its supporting infrastructure, as well as additional working capital to support mining operations. It is planned that CUAN’s Board of Commissioners and Board of Directors will hold an initial public listing ceremony on the Indonesia Stock Exchange on 8 March 2023.
CUAN Prepares to be Listed on Indonesia Stock Exchange, Aims to Raise IDR 371.8 billion funds
Jakarta, 2 March 2023 – PT Petrindo Jaya Kreasi Tbk (CUAN) will soon become a new issuer this March. The holding Company that manages a subsidiary in the coal mining sector has obtained an effective statement letter from the Financial Services Authority (OJK) and is entering a public offering period. As a result, CUAN will release as many as 1.69 billion shares with a share price range of 200-220 rupiah. Through this initial public offering (IPO), the Company aims to raise up to IDR 371.8 billion funds. The proceeds from the IPO are planned to be used to develop the business of PT Tamtama Perkasa, a subsidiary of the Company, which will eventually contribute to the growth of the national mining industry. The Company appointed Henan Putihrai Sekuritas and BNI Danareksa Sekuritas as underwriters for the issuance with full commitment to the IPO.