Disposal Of Shares To The Public, Manager Of A Family-owned Hospital Of Conglomerate Martua Sitorus Eyes Funds Of Up To IDR 375.95 Billion

Photo: Doc. Pure Conscious

JAKARTA - Another hospital manager will become a public company on the Indonesia Stock Exchange (IDX). PT Murni Sadar Tbk is preparing to hold an initial public offering (IPO) by releasing 254.02 million shares.

Citing the company's offer document, Murni Sadar released shares equivalent to 12.28 percent of the issued and fully paid up capital. The price range is Rp1,180-Rp1,480 per share.

From the number of shares and the price range, the company has the potential to reap fresh funds of IDR 299.75 billion to IDR 375.95 billion.

If realized, the proceeds from the IPO will be used by the company for capital expenditures, working capital, and loans for subsidiaries.

To realize this action, the company started the initial offering period today (Thursday 24 March) to 30 March 2022. From here, Murni Sadar estimates that he can get an effective permit on 11 April 2022 to hold a public offering period on 13-18 April 2022.

After that, the listing of the company's shares on the IDX can take place on April 20, 2022.

Murni Sadar appointed Ciptadana Sekuritas Asia and BCA Sekuritas as underwriters for the issuance of securities in this IPO.

For additional information, Murni Sadar is a health care provider with a focus on oncology and cardiovascular as well as a health education center. Currently, the company owns five hospitals in Medan, Jakarta, Bali and Tangerang and operates one hospital in Medan using the operational cooperation method.

Some of the company's hospitals, among others, are Murni Teguh Memorial Hospital, Aminah Hospital, Murni Teguh Sudirman Hospital, Rosiva Mother and Child Hospital, and Murni Teguh Bali Hospital.

Meanwhile, Murni Sadar has a close relationship with the conglomerate Martua Sitorus. The reason is, in the row of shareholders of the company there is the name Jacqueline Sitorus who is the son of Martua Sitorus.

Jacqueline is recorded to own 24.11 percent of Pure Sadar shares.

There is also the name of Andy Indigo who is the nephew of Martua Sitorus. At Murni Sadar, Andy is listed as the holder of 23.42 percent of the shares.