{
    "success": true,
    "data": {
        "id": 1302068,
        "msgid": "summitplast-offers-42m-shares-1447893297",
        "date": "2000-05-03 00:00:00",
        "title": "Summitplast offers 42m shares",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Summitplast offers 42m shares JAKARTA (JP): PT Summitplast Interbenua, a plastic component producer, expects to sell about 42 million shares during its initial public offering (IPO) in early June. The company said in a statement on Tuesday that the shares, with a nominal value of Rp 500 each, would be sold at between Rp 850 and Rp 1,000 to raise about Rp 42 billion from the IPO.",
        "content": "<p>Summitplast offers 42m shares<\/p>\n<p>JAKARTA (JP): PT Summitplast Interbenua, a plastic component<br>\nproducer, expects to sell about 42 million shares during its<br>\ninitial public offering (IPO) in early June.<\/p>\n<p>The company said in a statement on Tuesday that the shares,<br>\nwith a nominal value of Rp 500 each, would be sold at between Rp<br>\n850 and Rp 1,000 to raise about Rp 42 billion from the IPO.<\/p>\n<p>Summitplast said all of the proceeds to be raised from the IPO<br>\nwould be used to expand the company&apos;s production capacity and<br>\ndevelop business-to-business e-commerce.<\/p>\n<p>The company will be listed on the Jakarta Stock Exchange.<\/p>\n<p>Summitplast, which is jointly owned by Dynaplast, Japan&apos;s<br>\nSumitomo Corporation and PT Panca Teladan, operates two factories<br>\nin Tangerang and Bekasi, West Java, with a total production<br>\ncapacity of 280,000 metric tons per annum.<\/p>\n<p>The company&apos;s products are mostly used in electronic home<br>\nappliances and vehicles. (hen)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/summitplast-offers-42m-shares-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}