JAKARTA (Yosefardi) – PT Sidomulya Selaras Tbk (SDMU) plans to issue 10% shares through private placement scheme.
The company will sign an investment agreement (equity line credit) with Gem Global Yield Fund LLC SCS, an investment company from America.
Gem Global would invest until Rp180 billion in the company within next 3 years, to buy up to 240 shares of Sidomulya at price of Rp550 per share.
SDMU booked net profit of Rp7.2 billion in first half of 2014 on revenues of Rp84.58 billion.