JAKARTA (Yosefardi) – PT Saratoga Investama Sedaya Tbk (SRTG), controlled by Edwin Soeryadjaya and Sandiaga Uno, will reportedly buy shares of PT Dwi Aneka Jaya Kemasindo (DAJK), one of the leading players in the offset printing industry and corrugated packaging.
DAJK will offer one billion shares, or 40% of its totaled issued and paid up shares capital, through the initial public offering (IPO).
DAJK will use the IPO proceeds for working capital (60%) and capital expenditure (capex) (40%), used to boost reaches 24,000 tons with utilized capacity of 18,000 tons.
While offset installed capacity totals 6000 tons with utilized capacity of 4546 tons. It has 3 plant locations.