IBF Siap IPO, 6 November 2014
PT INTAN BARUPRANA FINANCE TBK (IBF) READY TO BE A PUBLICLY LISTED COMPANY
Jakarta, 6 November, 2014 – IBF, a leading finance Company that provides customized financing solutions for investment funds as well as capital goods in various prospective sectors throughout Indonesia, will conduct the IPO or Initial Public Offering (IPO). Today, November 6, 2014, IBF is conducting Due Diligence Meeting & Public Expose at the Ballroom of the Ritz Carlton Pacific Place, Jakarta.
"According to our plan, the number of shares to be offered as much as 1.67048 billion (one billion six hundred and seventy million four hundred and eighty thousand) ordinary shares, or equivalent to 40% (forty percent) of the enlarged capital after the Public Offering. IBF has appointed BNI Securities as an underwriter, " says Jap Hartono, President Director of PT Intan Baruprana Finance Tbk to the reporters at the event of Due Diligence Meeting & Public Expose today.
Our Estimated emission schedule is as follows: pre-effective date statement from Otoritas Jasa Keuangan (OJK) will be awarded on November 4, 2014, the date of the offering period from 26 to 28 November 2014, and the date of allotment at December 2, 2014. This stock is planned to begin listed at the Indonesian Stock Exchange (BEI) on December 4, 2014.
Hartono Jap further stated: "The IBF has established itself as the top 10 financing companies in Indonesia with its assets exceeded Rp. 1 Trillion for December 2013 and over the last 4 years has always predicated very good as determined by Infobank Magazine".
Growth in net assets, financing portfolio and net income from end 2010 until end 2013 with a CAGR of was more than 100% ". Jap Hartono added: "Our business strategy is to diversify our financing portfolio to the emerging industries such as infrastructure, construction, oil and gas and transportation. We also expand type of products and brands that we finance. IBF focuses not only on a single exposed industry".
The Company plans to use the funds raised from the IPO, approximately 50% (fifty percent) will be used for working capital financing and approximately 50% (fifty percent) will be used for debt payments to creditors related business group and non-group.
Profile of PT Intan Baruprana Finance ( IBF )
IBF is a leading finance company that provides customized financing solutions for customer’s needs in investment funds and working capital. The Company is supported by a wide marketing and business network of its Group, PT Intraco Penta Tbk with more than 40 locations in Indonesia. IBF offers a total financing solution and fleet financing for equipment, machinery, truck and bus, ship or barge and its supporting infrastructure for industry, construction, road and water transport, mining, oil and gas, agriculture and plantation with conventional and Sharia scheme for Rupiah and US Dollar.
For Further Information, Please Contact:
Jonggi Siallagan (Corporate Secretary) at +6221 4401408 or fax: +6221 4401408