Entered The Stock Exchange Development Board, HATM Shares With Market Capitalization Of IDR1.12 Trillion Start Initial Trading

JAKARTA - A new listed company (issuer) on the Indonesia Stock Exchange, will soon make its debut. It is PT Habco Trans Maritima Tbk which will become the 29th issuer this year.

"Habco Maritima will open Stock Exchange trading hours for the purpose of listing HATM shares," the IDX said in a statement, Tuesday, July 26.

IDX said that HATM shares will be listed on the development board. The sector, transportation and logistics, with sub-sector logistics & deliveries.

In this first trade, HATM's share price was Rp160. As for the number of shares listed as many as 7 billion, HATM's market capitalization reached Rp1.12 trillion.

As is known, the share price of a special freight sea transportation company of Rp160 is the closest price to the lowest level during the public offering period. At that time, Habco Maritima offered HATM shares ranging from Rp. 150 to Rp. 250.

Habco Maritima released 1.12 billion shares to the public. This means that the special goods sea transportation company will earn IDR 170 billion through the initial public offering (IPO) mechanism.

Along with the IPO, Habco Maritima will also issue 281.25 million new shares. These shares are part of the Rp45 billion debt conversion to PT Samudra Sejahtera Investama.