ID :
17848
Wed, 09/03/2008 - 08:22
Auther :
Shortlink :
http://m.oananews.org//node/17848
The shortlink copeid
GOVT YET TO SET DATE FOR THREE STATE PLANTATION FIRMS' IPO
Jakarta, Sept 2 (ANTARA) - The Office of State Enterprises Minister has not yet set the date for the initial public offering (IPO) of three state plantation companies' shares.
"Whether or not the IPOs will be conducted simultaneously depends on the situation. We cannot ascertain it now," secretary of the State Enterprises Minister Muhammad Said Didu said on Tuesday.
The three state plantation companies are PT Perkebunan Nusantara III, PT Perkebunan Nusantara IV, and PT Perkebunan Nusantara VII.
Technically, the three state plantation companies had been prepared for the IPO, he said adding they were now waiting for approval from the House of Representatives (DPR).
The preparedness was reflected by their effort to hire share issue underwriters, and law consultants, he said.
Many feared if the IPOs were conducted at the same time it would lower the prices of the respective state plantation companies' shares.
To explore investors' interests in the three state firms to be privatized this year, the Office of the State Enterprises Minister organized non-deal roadshows in Singapore and Hong Kong on July 1.
In the the roadshows the investors showed high interest in buying the state firms' shares thanks to the high prices of plantation commodities in the global market.
"Whether or not the IPOs will be conducted simultaneously depends on the situation. We cannot ascertain it now," secretary of the State Enterprises Minister Muhammad Said Didu said on Tuesday.
The three state plantation companies are PT Perkebunan Nusantara III, PT Perkebunan Nusantara IV, and PT Perkebunan Nusantara VII.
Technically, the three state plantation companies had been prepared for the IPO, he said adding they were now waiting for approval from the House of Representatives (DPR).
The preparedness was reflected by their effort to hire share issue underwriters, and law consultants, he said.
Many feared if the IPOs were conducted at the same time it would lower the prices of the respective state plantation companies' shares.
To explore investors' interests in the three state firms to be privatized this year, the Office of the State Enterprises Minister organized non-deal roadshows in Singapore and Hong Kong on July 1.
In the the roadshows the investors showed high interest in buying the state firms' shares thanks to the high prices of plantation commodities in the global market.
