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IPO of Paramita Bangun Sarana on the Indonesia Stock Exchange

Indonesian general contractor Paramita Bangun Sarana targets to raise up to IDR 350 billion (approx. USD $26.5 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company will offer up to 300 million shares, equivalent to 20 percent of its enlarged capital, to investors through the corporate move. Vincentius Susanto, Secretary at Paramita Bangun Sarana, said the indicative price for shares is set in the range of IDR 1,000 - 1,300 a piece. The offering period for the shares is scheduled for 16 - 20 September 2016, while listing on the (IDX) is scheduled for 27 September.



In a developing country such as Indonesia, industrial construction is arguably the heart and soul of the industry. What sets this field apart is importance.


Jetties typically serve to accommodate vessels. With the increasing popularity of marine transportation in Indonesia, the demand for strategic placement of jetties


In construction projects, proper preparation of land is crucial. Land Clearing is the process of removing vegetation, hard objects, and other obstacles from