Panin Sekuritas floats shares

JAKARTA (JP): PT Panin Sekuritas plans to float its shares on the Jakarta Stock Exchange in May to raise operating cash.

The shares will be sold at between Rp 500 and Rp 600 each during the offering period between May 24 and May 26.

The share listing will be on June 19, 2000.

Panin Sekuritas -- which provides services in share brokering, underwriting and financial and investment advice -- booked a net profit of Rp 1.4 billion from Rp 14.6 billion in revenue in 1999.

The company's total assets as of Dec. 1999 stood at Rp 183.4 billion. (udi)