Newly-listed drinking water producer Sariguna Primatirta (CLEO) allocates Rp20-40 billion for funding construction of 2 new plants located in Ungaran, Central Java province and Kendari (Southeast Sulawesi). The new plants are targeted to commence operation in May and June next year. CLEO raised Rp51.75 billion for offering 450 million shares through initial public offering (IPO) scheme. It sets capital expenditure (capex) of Rp140 billion for this year.
