{
    "success": true,
    "data": {
        "id": 1034030,
        "msgid": "citatah-oversubscribed-1447893297",
        "date": "1996-06-24 00:00:00",
        "title": "Citatah oversubscribed",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Citatah oversubscribed JAKARTA (JP): PT Lippo Securities announced over the weekend that it has completed the initial public offering of PT Citatah and that a preliminary estimate shows a 570 percent oversubscription. Citatah is a major producer of marble and building materials, which enjoys more than 60 percent of the domestic marble market. Lippo said in a statement that Citatah will be listed on the Jakarta Stock Exchange on July 3.",
        "content": "<p>Citatah oversubscribed<\/p>\n<p>JAKARTA (JP): PT Lippo Securities announced over the weekend<br>\nthat it has completed the initial public offering of PT Citatah<br>\nand that a preliminary estimate shows a 570 percent<br>\noversubscription.<\/p>\n<p>Citatah is a major producer of marble and building materials,<br>\nwhich enjoys more than 60 percent of the domestic marble market.<\/p>\n<p>Lippo said in a statement that Citatah will be listed on the<br>\nJakarta Stock Exchange on July 3.<\/p>\n<p>\"The high level of demand is a reflection of investors'<br>\nconfidence in Citatah's business and growth,\" Lippo Securities'<br>\nmanaging director, Kelvin Lee, was quoted by the statement as<br>\nsaying.<\/p>\n<p>The shares are priced at Rp 2,375 (US$1.0) each, representing<br>\na price earning ratio of 10 on 1996 forecast net profits of Rp<br>\n24.5 billion. (alo)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/citatah-oversubscribed-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}