PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today. On its first day of trading, shares of Intra Golflink Resorts (GOLF) surged by 35% - GOLFLINK RESORTS

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PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today. On its first day of trading, shares of Intra Golflink Resorts (GOLF) surged by 35%
PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today (8/7)

PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today. On its first day of trading, shares of Intra Golflink Resorts (GOLF) surged by 35%

1099 Views 08 July 2024

KONTAN.CO.ID - JAKARTA. PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today (8/7).

During its initial trading session, as of 09:01 AM WIB, GOLF shares surged by 35% to Rp 270 per share.

In its IPO, GOLF offered 1.95 million shares, equivalent to 10.01% of the total issued and fully paid-up capital after the initial public offering (IPO). The company, owned by Tommy Soeharto's son, set the IPO price at Rp 200 per share, raising a total of Rp 390 billion in fresh funds.

Of the funds raised, GOLF plans to allocate 87.53% to capital injections into its subsidiary, PT New Kuta Golf and Ocean View (NKG), which manages golf and property businesses, including luxury hotels in Bali.

Additionally, approximately 5.34% will be used for capital injections into another subsidiary, PT Sentul Golf Utama (SGU).

The remaining 7.13% will be allocated to finance the company's operational activities.

Source: investasi.kontan.co.id