PLN Batam Targets November IPO

PLN Batam, a unit of state utility company Perusahaan Listrik Negara, is planning an initial public offering for November in a bid to improve governance, PLN Batam’s president director, Dadan Kurniadipura, said on Wednesday .

PLN Batam wants to list its shares on the Indonesia Stock Exchange, Dadan told Antara, the state news agency. The company has appointed state-owned securities firm Bahana Securities as the lead underwriter for the IPO.

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Posted August 4, 2012 by repit in News

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