JAKARTA (Yosefardi) – Newly listed motorcycle distributor and financing PT Mitra Pinasthika Mustika (MPMX) Tbk lost another 7.3% Tuesday (June 4th).
MPMX fell to as low as Rp1250 this morning, the lowest level since its listing on IDX last week.
MPMX offered 970 million shares at Rp1500 per share in the initial public offering (IPO).
Mitra Pinasthika booked net profit of Rp406 billion from sales revenue of Rp10.78 trillion last year.
The company, controlled by Saratoga Group, currently has market capitalization of Rp5.67 trillion.