Integra Indocabinet to raise up to Rp848b via IPO

JAKARTA (TheInsiderStories) – PT Integra Indocabinet Tbk, a furniture producer, aims to raise fresh funds between Rp565-Rp848 billion through selling 35 percent of its shares or 2.69 billion unit shares, in an initial public offering (IPO).

Halim Rusli said the company sets IPO price at Rp2100315 shares Apart from producing furniture, the company also has forest concession area of 163,000 hectares in Kalimantan.  The company exported its furniture to Europe, US and China. (*)