JAKARTA (Yosefardi) – PT Bank Artos Indonesia TBk plans to launch the initial public offering (IPO) in end of 2015 or early 2016, offering 20% shares and targets to raise almost Rp1 trillion proceeds.
The bank, based in Bandung, West Java, has equity of Rp500 billion. As at June 2015, its assets reached Rp729.53 billion.
Other companies also mull to launch IPO such as PT Duta Lestari Sentratama (Kino Indonesia), PT Internuz, PT Victoria Insurance, PT Vallianz Offshore Maritim, and PT Mahaka Radio Integra.