{
    "success": true,
    "data": {
        "id": 1009927,
        "msgid": "sole-agent-of-konica-to-float-shares-1447893297",
        "date": "1994-12-14 00:00:00",
        "title": "Sole agent of Konica to float shares",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Sole agent of Konica to float shares JAKARTA (JP): PT Perdana Bangun Pusaka (PBP), the sole agent of Konica film of Japan, will sell around 30 percent of its enlarged stocks to the public to raise funds for its expansion program. The company will be the third photographic firm listed on Jakarta and Surabaya stock exchanges after Modern Photo, the sole agent of Fuji film and Inter Delta, the distributor of Kodak film.",
        "content": "<p>Sole agent of Konica to float shares<\/p>\n<p>JAKARTA (JP): PT Perdana Bangun Pusaka (PBP), the sole agent<br>\nof Konica film of Japan, will sell around 30 percent of its<br>\nenlarged stocks to the public to raise funds for its expansion<br>\nprogram.<\/p>\n<p>The company will be the third photographic firm listed on<br>\nJakarta and Surabaya stock exchanges after Modern Photo, the sole<br>\nagent of Fuji film and Inter Delta, the distributor of Kodak<br>\nfilm.<\/p>\n<p>Beng Irawan, a director of Perdana Bangun Perkasa, said here<br>\nyesterday that the shares, each with a par value of Rp 500<br>\n(US$0.23), will be offered to the public in February.<\/p>\n<p>\"We plan to list the shares on the Jakarta and Surabaya stock<br>\nexchanges in the middle of February,\" he said of the company's<br>\ninitial public offering (IPO) plan.<\/p>\n<p>BDNI Securities is acting as the lead underwriter of the<br>\ncompany's IPO.<\/p>\n<p>Beng said that the IPO proceeds will finance the company's<br>\nexpansion activities such as increasing the annual production<br>\ncapacity of its photographic paper from 300,000 rolls at present<br>\nto 600,000 rolls per annum and the construction of a camera<br>\nassembling plant.<\/p>\n<p>He said that Perdana Bangun will invest around Rp 7.4 billion<br>\n(($3.4 million) for the construction of the first unit of the<br>\ncamera factory.<\/p>\n<p>\"The first unit of the camera factory will have a production<br>\ncapacity of between 300,000 units annually,\" he said, adding that<br>\nthe two expansion projects will be completed within the next<br>\nthree years.<\/p>\n<p>Perdana Bangun, which controls around 30 percent of the<br>\nphotographic film and paper market in the country, will also use<br>\npart of the IPO proceeds to double its retail outlets to 22.<\/p>\n<p>Beng said that the expansion program is a crucial strategy in<br>\nenabling the company to further tap the growing market of<br>\nphotographic products.<\/p>\n<p>\"Indonesia, with its huge population, is a very potent market<br>\nfor photographic products,\" he said, adding that the per capita<br>\nuse of photographic films in Indonesia, which is only 0.11 at<br>\npresent, will continue to increase in line with the rapid growth<br>\nin the country's economy.<\/p>\n<p>Bangun Persada, with total assets of around Rp 65 billion as<br>\nof August, recorded growth sales of around 25 percent per annum<br>\nover the last three years.<\/p>\n<p>Beng refused to explain the company's financial performance<br>\nsaying that the data will be available only during the company's<br>\npresentation to investors and securities analysts on Monday.(hen)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/sole-agent-of-konica-to-float-shares-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}