JAKARTA (Yosefardi) – PT Sekawan Intipratama Tbk (SIAP), non-woven converter, enters into coal business and expects to book profit this year on the back coal business.
It targets to produce 350,000 – 400,000 tons of coal this year, and targets to book profit of US$600,000. The company allocates capital expenditure (capex) of US$15 million for this year.
The Indonesia Stock Exchange (IDX) today resumed trading in shares of SIAP as the company has made a disclosure to IDX.
SIAP plans to launch rights issue in the second half of this year, targets to raise Rp4.67 trillion, used to settle the acquisition over coal miner RITS Ventures Limited.
SIAP will issue 23.4 billion new shares, priced at Rp200 per unit.