{
    "success": true,
    "data": {
        "id": 1014709,
        "msgid": "east-java-poultry-firm-plans-public-share-offering-1447893297",
        "date": "1994-10-08 00:00:00",
        "title": "East Java poultry firm plans public share offering",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "East Java poultry firm plans public share offering JAKARTA (JP): PT Wonokoyo Haya, an East Java-based poultry company, will launch its public share offering next month to raise funds for its expansion projects, says the company's president. Djoko Kusumo said yesterday that Wonokoyo, which is engaged in chicken breeding and feed production, will sell around 17 million new shares during the initial public offering period.",
        "content": "<p>East Java poultry firm plans public share offering<\/p>\n<p>JAKARTA (JP): PT Wonokoyo Haya, an East Java-based poultry<br>\ncompany, will launch its public share offering next month to<br>\nraise funds for its expansion projects, says the company's<br>\npresident.<\/p>\n<p>Djoko Kusumo said yesterday that Wonokoyo, which is engaged in<br>\nchicken breeding and feed production, will sell around 17 million<br>\nnew shares during the initial public offering period.<\/p>\n<p>He said the new shares, with a par value of Rp 1,000 each,<br>\nwill be sold at between Rp 3,400 (US$1.50) and Rp 3,700 a piece<br>\nduring the offering period.<\/p>\n<p>Around 55 percent of the proceeds expected from the initial<br>\npublic offering will be used to finance the purchase of new<br>\nmachinery and a new production site, 20 percent for the repayment<br>\nof bank loans and another 25 percent to strengthen the company's<br>\ncapital structure.<\/p>\n<p>Djoko said the new machinery is expected to significantly<br>\nincrease the production of Day-Old Chicks (DOCs) to 79.8 million<br>\nheads next year from around 47.8 million this year.<\/p>\n<p>He said the annual feed production will also be increased to<br>\n525,600 tons from 175,200 tons at present in anticipation of an<br>\nincreased feed demand, resulting from the rise in the DOC<br>\nproduction.<\/p>\n<p>Wonokoyo, which operates three breeding farms in Batu, Malang<br>\nand Pasuruan, all in East Java, booked a net profit of Rp 1.93<br>\nbillion in the first four months of this year, almost half of its<br>\nnet profit of Rp 4.41 billion in 1993.<\/p>\n<p>The company's sale revenues totaled Rp 19.94 billion in the<br>\nfirst four months of this year, as compared to Rp 50.53 billion<br>\nin 1993 and Rp 40.44 billion in 1992.<\/p>\n<p>Wonokoyo, one of at least five companies to launch their<br>\npublic offerings next month, will be listed on the Jakarta and<br>\nSurabaya stock exchanges. (hen)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/east-java-poultry-firm-plans-public-share-offering-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}