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Bisnis.com, JAKARTA – PT Nuansa Trimuda Citra Tbk. managed to obtain fresh funds worth Rp 30 billion from the initial public offering process aka actions initial public offering (IPO). The company obtained the TNCA pbadword and was immediately listed on the Indonesia Stock Exchange on Thursday (28/06/2018).
Funds obtained after deducting the costs of emissions, will be used to pay the shortage of land purchase price of 69.68% or the equivalent of Rp18, 68 billion.
The reason and consideration of the purchase of land is that the company plans to establish a warehouse on the ground, in line with the development of business in the field of logistics, where the warehouse is indispensable to the company.
Meanwhile, the location chosen is quite strategic around the Karawang Industrial Zone, West Java, exactly 3 km from the Karawang West Toll. The land purchased is 16,060 m2 located in Karangmulya village, Telukjambe Barat district, Karawang region.
Meanwhile, the remaining 30.32% of the IPO proceeds are used by the company for working capital, including the addition of a fleet of two-wheeled vehicles and four wheels and more.
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