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17 Mar

Indonesia’s Trimegah Bangun Persada announces IPO amid bullish nickel outlook

Indonesian nickel company PT Trimegah Bangun Persada (TBP), also known as Harita Nickel, plans to raise IDR 9.7 trillion ($631.4 million) in an initial public offering (IPO) next month, Kallanish reports. Company president Roy Arfandy said in a statement on Friday the company intends to issue 12.1 billion shares between 5-10 April, which corresponds to up to 18% of its issued capital. The listing on the Indonesia Stock Exchange (IDX) is planned for 12 A…
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