News
Indonesian property firm Puradelta cuts IPO size to 1 trln rupiah-IFR
Monday, May 25, 2015 11:40 AMMay 15 Indonesian industrial estate developer PT Puradelta Lestari cut its initial public offering size to 1 trillion rupiah from 3.8 trillion rupiah due to weak stock market condition, IFR reported.
The company, a unit of Singapore-listed Sinarmas Land Ltd , sold around 4.8 billion shares at 210 rupiah per share. It had previously planned to sell 10.8 billion shares in a price range of 210-350 rupiah. (Reporting by S. Anuradha of IFR; Writing by Fransiska Nangoy; Editing by Subhranshu Sahu)