Capital Financial Indonesia Eyes Rp 715b From July IPO

Jul 10, 2016Updated May 24, 20251 min read

Sinarmas Sekuritas was appointed as the lead underwriter of the company’s share sale, with assistance from Jasa Utama Capital, Yulie Sekurindo, Phillip Securities Indonesia, Panin Sekuritas, Valbury Asia Securities and Erdikha Elit Sekuritas.

Kirana Cemerlang Abadi currently owns 99.9 percent of the company’s shares. If the IPO plan goes smoothly, Kirana’s holding will be diluted to 52.38 percent.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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