JAKARTA – PT Koka Indonesia Tbk, a company engaged in general contracting for construction
projects, mechanical engineering, geotechnical engineering, interior design and furniture, on
October 11 2023 has officially listed its shares for trading on the Indonesian Stock Exchange
with the stock code “KOKA”. The number of shares released in this Initial Public Offering is
715,333,000 new shares representing 25 percent of the Company’s paid-up and issued capital,
at a price of IDR 128 per share. Based on data from the Indonesian Stock Exchange, total
orders for KOKA shares reached 14.96 billion shares or to be precise 14,966,394,800 shares,
from the planned 715.33 million shares. KOKA shares are in great demand by the public with
excess demand of 134.24x the portion of the centralized allotment (pooling) of shares offered to
the public.
PT Koka Indonesia Tbk (Company), a contractor company founded in 2011 with significant
experience. For more than 10 years, the Company has worked on more than 100 projects in
Indonesia. The company has its own target market, namely Chinese companies that have
invested in Indonesia. A number of its clients are industries supporting downstream nickel and
electric vehicle batteries to smartphone companies such as PT Bright Mobile Technology
(OPPO), SGMW Wuling Indonesia, DFSK, VIVO Indonesia, CNEC, PT QMB New Energy
Materials, PT Huachin Aluminum Indonesia, PT Kinxiang New Energy Technologies Indonesia,
and PT Chengtok Lithium Indonesia.
The Company is currently controlled by Mrs. Gao Jing, a Chinese citizen, who acts as the
controlling shareholder and President Director of the Company. Gao Jing said that the Company
has several advantages, one of which is that it is part of the China-Indonesia Trade Association
so that the Company has a strong network with foreign companies that have the potential to
become the Company’s clients.
