JAKARTA (Yosefardi) – Investors focused buying in shares of Golden Plantation Tbk (GOLL) this morning, boosting the stake by 4.86% to Rp302 per share, third most-actively traded stock.
GOLL, subsidiary of TPS Food Tbk (AISA), listed and commenced its shares trading today. At 11.40 am Jakarta time, some 60.84 million shares of GOLL were traded with total value of Rp18.5 billion.
GOLL listed 3.66 billion shares with market capitalization of Rp1.05 trillion. It offered 800 million shares through the initial public offering (IPO) at price of Rp288 per share, or Rp230.4 billion in total. GOLL also offered 1 billion warrants priced at Rp288.
GOLL booked net profit of Rp6 billion in first half of 2014 on revenue of Rp55.4 billion. Its assets totaled Rp1.18 trillion while liability amounted Rp479.18 billion.