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Premier Insight : MEDC, plans to bring its subsidiary Medco Power Indonesia (MPI) to conduct IPO to finance their future expansion
Wednesday, May 30, 2018       09:31 WIB

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Medco Energi Internasional ( IJ; Rp1,125; Buy) plans to bring its subsidiary Medco Power Indonesia (MPI) to conduct IPO to finance their future expansion but the management still not disclose yet the target proceed and its schedule. Also, set capex amounted to US$154mn, up 23% yoy compared to 2017 figure on which will be allocated to its power plant in Sarulla and Ijen. The capex will be financed by internal cash and bank loan. (Kontan).

Sumber : IPS RESEARCH

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