It will sell up to 340m new shares over twoyears.
At the current price of IDR 1,185 thiswould bring in IDR 403bn ($33.9m).
The company also plans to distribute as manyas 19m new shares to management and senior employees, it said in a statement.
Indonesia’s Wintermar Offshore Marine is raising cash through a share sale to expand its fleet.
It will sell up to 340m new shares over twoyears.
At the current price of IDR 1,185 thiswould bring in IDR 403bn ($33.9m).
The company also plans to distribute as manyas 19m new shares to management and senior employees, it said in a statement.