Get Ready! STAA IDR 600 And NANO IDR 100 Stock Starts Initial Trading Today

JAKARTA - Two companies will start their initial share trading today (Thursday, March 10). They are PT Sumber Tani Agung Resources Tbk (STAA) and PT Nanotech Indonesia Global Tbk (NANO).

Citing information from the Indonesia Stock Exchange (IDX), Wednesday, March 9, STAA's shares will be listed on the mainboard and can be purchased from IDR 600 per share. Sumber Agung Resources released 877.07 million shares, thus reaping IDR 526.24 billion in funds.

IDX also gave a note to the shareholders of Sumber Agung Resources. PT Malibu Indah Lestari, PT Kedaton Perkasa, Russel Maminta Wijaya, Gani, Lele Tanjung, and Hardi Mistani are prohibited from transferring part or all of their share ownership in Sumber Agung Resources until 8 months after the registration statement.

In addition, Sumber Agung Resources held a share allocation program for employees (employee stock allocation/ESSA) of 7.07 million shares. This includes the management and employee stock option plan (MESOP) program with a total of 1.28 percent or 141.17 million shares.

On the same day, NANO shares can also start trading today. IDX will list NANO shares on the acceleration board at a price of IDR 100 per share.

The company released 1.28 billion shares so that it could get IDR 128.5 billion in funds from this IPO.

IDX also said that PT Nanotech Investama Sedaya, which is the controlling holder of 2.55 billion shares, is required to maintain its share ownership in the company for a minimum of six months after the listing of NANO shares.