SINGAPORE (Yosefardi) – Sinarmas Land Limited said its unit PT Puradelta Lestari Tbk (PDL), has decided to re-launch its proposed listing of up to 10.84 million new ordinary shares (initial public offering/IPO) on the Indonesia Stock Exchange (IDX).
As such, PDL has on Mondayb (March 30) made a formal submission to Otoritas Jasa Keuangan (OJK) (formerly known as BAPEPAM LK which is the equivalent of the Capital Market and Financial Institutions Supervisory Agency) in Indonesia, for the Proposed IPO.
PDL is engaged in the construction/development of Kota Deltamas, a mixed development project located at Bekasi Regency, West Java, Indonesia, comprising residential units, commercial centers, industrial estate, business park, schools, hospital and other public facilities.