PT INTAN BARUPRANA FINANCE TBK (IBF) READY TO BE A PUBLICLY LISTED COMPANY
Jakarta, November 6, 2014 – IBF, a leading finance Company that provides customized financing solutions for investment funds as well as capital goods in various prospective sectors throughout Indonesia, will conduct its Initial Public Offering (IPO). Today, November 6, 2014, IBF is holding a Due Diligence Meeting & Public Expose at the Ballroom of the Ritz Carlton Pacific Place, Jakarta.
"According to our plan, the number of shares to be offered is 1,670,480,000 (one billion six hundred and seventy million four hundred and eighty thousand) ordinary shares, equivalent to 40% (forty percent) of the enlarged capital after the Public Offering. IBF has appointed BNI Securities as the underwriter," said Jap Hartono, President Director of PT Intan Baruprana Finance Tbk, to reporters at the Due Diligence Meeting & Public Expose event today.
Our estimated emission schedule is as follows: the pre-effective date statement from the Financial Services Authority (OJK) will be awarded on November 4, 2014, the offering period date is from November 26 to 28, 2014, and the allotment date is December 2, 2014. These shares are planned to be listed on the Indonesian Stock Exchange (BEI) on December 4, 2014.
Hartono Jap further stated: "IBF has established itself as one of the top 10 financing companies in Indonesia with its assets exceeding Rp 1 Trillion as of December 2013, and over the last 4 years has consistently been rated 'Very Good' as determined by Infobank Magazine."
"Growth in net assets, financing portfolio, and net income from the end of 2010 until the end of 2013 had a Compound Annual Growth Rate (CAGR) of more than 100%," added Jap Hartono: "Our business strategy is to diversify our financing portfolio into emerging industries such as infrastructure, construction, oil and gas, and transportation. We are also expanding the types of products and brands that we finance. IBF does not focus only on a single exposed industry."
The Company plans to use the funds raised from the IPO as follows: approximately 50% (fifty percent) will be used for working capital financing, and approximately 50% (fifty percent) will be used for debt payments to related business group and non-group creditors.
Profile of PT Intan Baruprana Finance ( IBF )
IBF is a leading finance company that provides customized financing solutions for customers' needs in investment funds and working capital. The Company is supported by the wide marketing and business network of its Group, PT Intraco Penta Tbk, with more than 40 locations in Indonesia. IBF offers a total financing solution and fleet financing for equipment, machinery, trucks and buses, ships or barges, and their supporting infrastructure for industry, construction, road and water transport, mining, oil and gas, agriculture, and plantation with conventional and Sharia schemes for Rupiah and US Dollar currencies.
For Further Information, Please Contact:
Jonggi Siallagan (Corporate Secretary) at +6221 4401408 or fax: +6221 4401408.