Shares of new listed Garuda Maintenance Facility (GMF) AeroAsia (GMFI) fell further 1.1% to Rp360 at 9.51 am Jakarta time this morning. It lost 9% on trading debut on Tuesday (Oct 10) along with the market correction. GMFI has offered 2.8 billion shares through the initial public offering (IPO), representing 10% of its total issued and paid-up capital, priced at Rp400 per share, to raising Rp1.13 trillion proceeds. GMFI started trading on IDX with market capitalization of Rp11.29 trillion.
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