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.