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Article: RIMBA NIAGA IDOLA (RNI) OFFERS SHARES FOR BUSINESS DIVERSIFICATION PURPOSES
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- November 25, 1996
CopyrightCOPYRIGHT 1996 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PT Rimba Niaga Idola (PT RNI), which deals in the trading and marketing of textiles and textile products (TTPs) and rattan products, has made a plan on a limited public offering involving 6,650,000 common shares with a face value of Rp 1,000 per share. Based in Jakarta, this company is certain to offer these shares on 10 January 1997. PT Arab-Malaysia Capital Indonesia has expressed its willingness to buy the unsold portion of the shares.
In 1990, PT RNI offered 1,200,000 common shares at a bidding price of Rp 3,380 per share. In 1994, it issued 2,850,000 bonus shares.
According to the plan, PT RNI will use most (75%) of the proceeds of the upcoming limited ...