JAKARTA : Indonesian nickel company PT Trimegah Bangun Persada (TBP), of the Harita conglomerate group, plans to raise up to 15.12 trillion rupiah ($982 million) in its April initial public offering, according to a prospectus on Wednesday.TBP plans to sell as many as 12.09 billion shares, or 18 per cent o
JAKARTA : Indonesian nickel company PT Trimegah Bangun Persada , of the Harita conglomerate group, plans to raise up to 15.12 trillion rupiah in its April initial public offering, according to a prospectus on Wednesday.
TBP plans to sell as many as 12.09 billion shares, or 18 per cent of total capital, at a price range of 1,220 rupiah to 1,250 rupiah a piece in a share sale offering set for April 5-10, said the prospectus reviewed by Reuters. The company, also known as Harita Nickel, mines nickel and operates processing facilities in Obi island in Indonesia's eastern Maluku region.
Through its partnership with China's Lygend Resources, TBP operates Indonesia's first high pressure acid leach plant which extracts mixed hydroxide precipitate , the nickel material used in batteries for electric vehicles.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia nickel miner Trimegah Bangun Persada plans up to $982 million IPO - mediaJAKARTA : Indonesian nickel company PT Trimegah Bangun Persada (TBP), of the Harita conglomerate group, plans to raise up to 15.11 trillion rupiah ($982 million) in its April initial public offering, local media reported on Wednesday, citing the prospectus.Harita did not immediately respond to a request f
Read more »
China president Xi plans Russia visit to met Putin as soon as next weekPlans for a visit come as China has been offering to broker peace in Ukraine. Read more at straitstimes.com.
Read more »
Spain's Mango plans US expansion after China retreatBARCELONA, Spain : Spanish fashion retailer Mango is focusing on U.S. expansion after turning its back on China, Chief Executive Officer Toni Ruiz said.Mango is returning to the United States - after two previous attempts failed - offering higher-priced clothes meant for special occasions and parties. It
Read more »
Warner still in Australia's plans for WTC final against IndiaBENGALURU : David Warner is still in Australia's plans for the World Test Championship (WTC) final against India in June after the batsman recovered from concussion and an elbow injury, coach Andrew McDonald said.Warner flew back to Australia from India last month after suffering a fractured elbow and a h
Read more »
Exclusive-India plans new security testing for smartphones, crackdown on pre-installed appsNEW DELHI : India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system updates under proposed new security rules, according to two people and a government document seen by Reuters.The new rules, details of which have not been previously re
Read more »
India plans new security testing for smartphones, crackdown on pre-installed appsThe proposed new rules are meant to address concerns about spying and the abuse of user data. Read more at straitstimes.com.
Read more »