{
    "success": true,
    "data": {
        "id": 1223559,
        "msgid": "trust-finance-plans-ipo-1447893297",
        "date": "2002-11-13 00:00:00",
        "title": "Trust Finance plans IPO",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Trust Finance plans IPO JAKARTA: Financing company PT Trust Finance Indonesia said Tuesday it will sell 100 million shares at Rp 170 (1.8 US cents) each in an initial public offering (IPO) later this month. The shares on offer to the public starting Monday represent 25 percent of the company's equity, Trust Finance said in a statement. The company plans to list its shares on the Jakarta Stock Exchange Nov. 28. It will use all proceeds from the IPO to finance consumer loans.",
        "content": "<p>Trust Finance plans IPO<\/p>\n<p>JAKARTA: Financing company PT Trust Finance Indonesia said<br>\nTuesday it will sell 100 million shares at Rp 170 (1.8 US cents)<br>\neach in an initial public offering (IPO) later this month.<\/p>\n<p>The shares on offer to the public starting Monday represent 25<br>\npercent of the company's equity, Trust Finance said in a<br>\nstatement.<\/p>\n<p>The company plans to list its shares on the Jakarta Stock<br>\nExchange Nov. 28.<\/p>\n<p>It will use all proceeds from the IPO to finance consumer<br>\nloans.<\/p>\n<p>Trust Finance is one of few local companies which are pressing<br>\nahead with their IPO plans after the blasts on Bali island last<br>\nmonth hurt market sentiment.<\/p>\n<p>Another company which will sell shares to the public later<br>\nthis year is state-owned coal miner PT Tambang Batubara Bukit<br>\nAsam.<\/p>\n<p>Trust Finance was established in 1990. It booked net profit of<br>\nRp 2.35 billion in the first half of this year, already more than<br>\ntriple its full-year profit of Rp 665.05 million in 2001. -- Dow<br>\nJones<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/trust-finance-plans-ipo-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}