Stock Investors, Hurry Up! Starting From IDR 264, Today Is Initial Trading Of Sumber Mas Construction Shares With Code SMKM

JAKARTA - The shares of the construction services company PT Sumber Mas Konstruksi Tbk can start trading today (Wednesday, March 9). The company's stock code is SMKM.

Citing information from the Indonesia Stock Exchange (IDX), Tuesday, March 8, SMKM's shares will be listed on the acceleration board.

A listing board was provided to list shares of issuers with small-scale assets of less than IDR 50 billion or medium-scale assets of between IDR 50 billion and less than IDR 250 billion.

Sumber Construction released 250 million shares so that it could reap IDR 66 billion in funds from this initial public offering (IPO).

The initial price of SMKM's shares is IDR 264.

IDX added, in accordance with OJK Regulation No. 25/2017, the following shareholders will not transfer their shares until eight months after the Company's Registration Statement for the Public Offering becomes Effective, namely PT Vina Nauli Jordania with 703 million shares, PT Ummah Global Finance with 150 million shares, PT Zareen Capital Nusantara of 100 million shares, and Intan Magdalena P of 50 million shares.

In addition, Intan Magdalena P as the controlling shareholder of SMKM, stated that she would not transfer her control over the Company at least 12 months after the registration statement became effective.