Jakarta, 21 September 2023 PT Koka Indonesia Tbk (“Company”), a contractor
company with significant experience in handling strategic projects in Indonesia,
especially clients from China, plans to list its shares on the Indonesian Stock Exchange
(“BEI”) in October 2023. The Company plans to list its shares on the Indonesian Stock
Exchange (“BEI”) in October 2023. to release a maximum of 715,333,000 (seven
hundred fifteen million three hundred thirty three thousand) shares or approximately
25% (twenty five percent) of the issued and fully paid capital after the public offering,
which is offered at a price range between Rp. 128, – (one hundred twenty eight Rupiah)
up to IDR 161,- (one hundred and sixty one Rupiah). The company has appointed PT
UOB Kay Hian Sekuritas as Managing Underwriter for this initial public offering of
shares.
As stated in the Public Expose event which was held on Thursday, September 21 2023,
currently the IPO plan has entered the initial offering (bookbuilding) period which will
end on September 26 2023. An Effective Statement from the Financial Services
Authority (OJK) is expected to be obtained on September 29 2023, so that the public
offering period can take place on October 3-9 2023. If the entire process goes smoothly,
it is estimated that the initial listing of the Company’s shares on the IDX can take place
on October 11 2023. Funds obtained from the IPO proceeds This will be used to
develop the Company’s business in the form of purchasing heavy equipment and also
the Company’s working capital.
In her statement to media partners, the Company’s President Director, Mrs. Gao Jing,
said that the Company’s IPO plans were a milestone in the Company’s history, which
has been in the contracting sector for more than 10 years. It is hoped that with this IPO
step, the Company can develop its business by increasing the Company’s business
scale and efficiency, so that it is hoped that the Company can achieve the best
performance which will be an added value for all of the Company’s stakeholders. Apart
from that, as a public company, the Company also implements Good Corporate
Governance so that this becomes another added value for the Company’s stakeholders.
