Great River considers IPO

Great River considers IPO

SINGAPORE (Reuter): Indonesian clothing company PT Great River International said yesterday it might consider listing its shares in Singapore in the future.

Great River president director Sunjoto Tanudjaja told a news conference the company was expanding very fast in Indonesia and into Southeast Asian markets.

Asked if he would consider an initial public offering (IPO) in Singapore, as many other regional companies have done over the last few years, Sunjoto replied:

"It is always a possibility when we are growing in Southeast Asia at this pace to consider that."

Great River earlier announced it had bought Ray Summers, a private Singapore-based firm with non-exclusive licenses to distribute and sell Walt Disney Co's products in Singapore, Hong Kong, Australia, New Zealand, Japan and the Middle East.