PT Dunia Pangan, subsidiary of PT Tiga Pilar Sejahtera (TPS) Food Tbk (AISA), plans to launch the initial public offering (IPO) for 20% shares by end this year. It targets to raise Rp400 billion from IPO. Per March this year, Dunia Pangan’s assets reached Rp4.7 trillion. The Company booked net profit of Rp300 billion last year. Dunia Pangan offers IPO shares with price to earning ratio (PER) of 10x. Dunia Pangan has five subsidiaries.
