Wednesday, March 20, 2013

PT Dyandra Media International Tbk Offering Prime Shares to the Public

Period of Initial Public Offering: 15,18,19 March 2013
PT Dyandra Media International Tbk (DYAN), also knows as DMI, has been officially declared effective by the Financial Services Authority to conduct an Initial Public Offering (IPO) on March 13, 2013, to mark the DMI has been able to sell shares to the public.

Therefore, commencing on 15, 18 and March 19, 2013, DMI implement the initial public offering to all prospective investors and the general public. Locations of offering conducted in Bapindo Plaza. Mandiri Sekuritas and OSK Nusadana Securities Indonesia as the underwriters of the stock issuance will opening the outlet from 08:00 to 15:00 each day during the public offering.

PT Dyandra Media International Tbk Offering Prime Shares to the Public
 
"We are optimistic that the IPO shares will get a positive response from all prospective investors and the general public, as reflected by the feedback was very enthusiastic in bookbuilding period began on February 19, 2013 until March 5, 2013. Moreover, it is supported by the company's position as the market leader in the sector of service industry MICE (Meeting, Incentive, Convention, Exhibition) in Indonesia that continues to grow along with a variety of events handled by DMI. Coupled with the structure and IPO valuations are very attractive to investors, "said Lilik Oetama, President Director of DMI in a press release today.

In this IPO, DMI offered the total number of shares as 1.282 billion new shares at a price of Rp. 350,- per share. DMI hopes from this IPO, could obtain fresh funds amounting to Rp 448,7 billion. "The funds raise from IPO (net proceeds) will be directed to support the development of the company's operations, whether development of DMI's subsidiary, principal repayment of bank debt and working capital," said Lilik Oetama. This year, DMI is developing three buildings, the second phase of Bali Nusa Dua Convention Center (BNDCC) which covering 25,000 square meters, building development of Indonesia International Expo in Bumi Serpong Damai (BSD) South Tangerang, Banten and building development of Makassar International Convention Center located in the Tanjung Bunga
Makassar, South Sulawesi.

The next stage after stock offering, DMI will make allotment of shares on March 21, 2013. And the culmination of the IPO is DMI's shares become a stock listed issuers in Indonesia Stock Exchange with code DYAN on March 25, 2013.

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