"We will be offering our shares to the public through the Indonesia Stock Exchange following a business transformation by booking operational profits in the past consecutive three years," Human Capital and Corporate Strategy Chief of PT.Garuda Indonesia Achirina said here Thursday.
He said the shares to be offered by PT Garuda Indonesia totalled 9,362,429,500 shares or 36.48 percent.
"The shares consisted of 7,426,691,500 portfolio new shares of a nominal value of Rp500 per share, or 28.93 percent, and 1,935,738,000 shares invested by PT. Bank Mandiri or 7.54 percent," he said.
He added that the IPO schedule included the period of bookbuilding and roadshow on January 13-24, 2011, final price on January 25, 2011, and effective statement on January 31, 2011.
He said the IPO, will be the first, and the shares can go public. The prices of the shares ranged from Rp750 to Rp11,000 per share, with most of them to be offered to Indonesian businessmen.(*)
Editor: Aditia Maruli Radja
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