Electronics retailer Electronic City Indonesia (ECII) has spent Rp825.95 billion of IPO proceeds (66%), for paying debt to Bank CIMB Niaga and Bank Victoria (Rp150 billion), investment & expansion (Rp514.13 billion, and working capital (Rp164.81 billion). ECII suffered loss of Rp11.9 billion in the first half (H1) of 2017. Its sales rose 9.2% to Rp863 billion.
