Wulandari Bangun Laksana Belongs To The Exchange, Incar Dana Rp330 Billion

Illustration. (Photo: Doc. Antara)

JAKARTA - One of the entities owned by PAM Group, namely PT Wulandari Bangun Laksana Tbk will hold an initial public offering (IPO) of a maximum of 2.75 billion shares with a nominal value of Rp10 per share. That amount represents 12.09 percent of the company's issued and paid-up capital after the IPO. Wulandari Bangun Laksana opened the offering price in the range of Rp100-120 per share. Therefore, the proceeds from the IPO are a maximum of Rp330 billion. In line with the IPO, the company will also carry out debt conversions of a maximum of IDR 234.17 billion or a maximum of 2,341,713,398 shares at the same conversion price as the bid price per share. In the company's brief prospectus, quoted Wednesday, October 12, it was also explained that Wulandari Bangun Laksana would issue a maximum of 7 billion series I warans accompanying the issuance of new shares. Waran serial I diberikan secara cuma-sempat sebagai insentif bagi pemegang saham baru yang namanya tercatat dalam daftar pemegangan penawaran umum. Setiap pemegang 100 saham baru perseroan berhak mendapatkan 137 waran di mana setiap satu waran memberikan hak kepada pemegang untuk membeli satu saham baru yang dikeluarkan dari portepel perseroan. Waran serial I can be carried out from 23 May 2023 to 2 November 2023 with an implementation price of IDR 125. If all of them are carried out by waran Series I holders, the funds obtained by the company are IDR875 billion. All funds from the IPO will be used around Rp. 100 billion to purchase approximately 1.2 hectares of land in South Balikpapan District, Balikpapan. The remaining 90 percent of the funds obtained will be used for working capital and around 10% will be used for the company's operations. Acting as the executor of the emission effect is PT Artha Sekuritas Indonesia. Currently, Wulandari Bangun Laksana shareholders are Christopher Sumasto Tjia as much as 50 percent and Clarissa Ady Sumasto Tjia 50 percent. The company was founded in 1994, formerly known as PT Dwi Pagria Lesatari and is currently engaged in property and real estate. The company owns and manages an area known as Balikpapan Superblock which is an integrated and residential commercial area with an area of 14 hectares. The following is Wulandari Bangun Laksana's temporary IPO schedule: - Initial offer period: 10-17 October 2022 - Estimated effective date: October 26, 2022 - Estimated initial public offering share: 28 October-1 November 2022 - Estimated listing of shares on the Indonesia Stock Exchange (IDX): 3 November 2022