Mega Manunggal Property Rp1.2 trillion IDX IPO

Overview:

• Mega Manunggal Property has raised Rp1.2 trillion ($90.2 million) in its IPO on the Indonesian Stock Exchange.
• The proceeds generated from the IPO will be used to fund the company's operations, with 90% being used for the acquisition of new land while the remainder will be used for capital expenditure on construction of logistic property.
• The company is Indonesia-based and focused on developing and leasing logistic properties, primarily warehouse space. 

Katrin Kostadinova - Data analyst