Japan sanitary pads unit, PT Unicharm Indonesia, plans to conduct an initial public offering (IPO) by offering 831.31 million new shares or 20% of the total issued and paid-up capital. The Company sets IPO prices at Rp1.400-1.800 a share, to raise Rp1.49 trillion. Unicharm will use IPO proceeds for funding its capital expenditure (capex) and paying debts. PT Sinarmas Sekuritas acts as lead underwriter for the IPO.
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