The company, which is engaged in the domestic transport of coal and biomass, is targeting just under IDR 100bn ($10.3m) from the offering.

It plans to sell almost 400 million shares, or around 15% of its outstanding units, at up to IDR 250 apiece.

The funds will cover around 30% of TPM’s capex budget this year with the company set to invest up to $40m on new vessels.

Revenue for the nine months to 30 September climbed by a quarter to $37m though profit fell 4.5% to $6.6m due to higher costs.

User

Copyright

To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Tradewinds content. If you know how to turn off JavaScript in your browser though, this is largely ineffective. Read more

to (e-mail):	from (e-mail):

Trans Power targets IPO

User

Copyright