Ipo (Initial Public Offering) of Pt. Adaro Energy Tbk
IPO (Initial Public Offering) of PT. Adaro Energy Tbk.
Execution IPO (Initial Public Offering) PT. Adaro Energy Tbk. has been awaited by capital market actors. Coal Price that penetrate US$ 215 per ton on July 2008 in the global market result capital market actors very interest to buy share at company of coal mining. Particularly PT Adaro Energy Tbk. is company of coal mining that has biggest reserve in Indonesia.1 Listing in Indonesia Effect Exchange (BEI) is executed on 16 July 2008. In this listing time, Adaro sell 11,139 billion share sheets or 34,83% from totalize company share and fund that obtained is Rp. 12,253 trillion. That fund will be used to buy share from some foreign stockholders that have share at three strategic companies, 33% share of PT Adaro Indonesia, 33% share of PT Indonesia Bulk Terminal (IBT) and 36% share of Coaltrade Services International Pte Ltd,. The three of that company is strategic business unit for Andaro. After execution IPO the formation of share ownership of PT Adaro Energy Tbk. Shall be as follows: PT Saratoga Investama Sedaya (14,93%), PT Triputra Investindo Aryan (13,34%), PT Persada Capital Investama (11,01%), Garibaldi Thohir (7,8%), PT Trinugraha Thohir (7,8%), Edwin Soeryadjaya (4,3%), T. Permadi Rachmat (2,27%), Sandiago Salahuddin Uno (2,07%), Subianto (1,3%), PT Saratoga Sentra Business (0,25%) and society (34,83%)2. Though execution IPO PT. Adaro Energy Tbk. projected become biggest IPO in 2008, nevertheless much polemics that paralleled with its execution. The polemic are presumption of practices transfer price and suing to the ownership of Adaro share by Beckkett Pte. Ltd. Presumption of practices transfer price case is related to existence of coal purchase contract with Coaltrade Services International Pte Ltd. In that contract, Coaltrade Services International Pte Ltd. entitled to buy coal with under global market price from Adaro, and sell it to the global market with global market price. According
Execution IPO (Initial Public Offering) PT. Adaro Energy Tbk. has been awaited by capital market actors. Coal Price that penetrate US$ 215 per ton on July 2008 in the global market result capital market actors very interest to buy share at company of coal mining. Particularly PT Adaro Energy Tbk. is company of coal mining that has biggest reserve in Indonesia.1 Listing in Indonesia Effect Exchange (BEI) is executed on 16 July 2008. In this listing time, Adaro sell 11,139 billion share sheets or 34,83% from totalize company share and fund that obtained is Rp. 12,253 trillion. That fund will be used to buy share from some foreign stockholders that have share at three strategic companies, 33% share of PT Adaro Indonesia, 33% share of PT Indonesia Bulk Terminal (IBT) and 36% share of Coaltrade Services International Pte Ltd,. The three of that company is strategic business unit for Andaro. After execution IPO the formation of share ownership of PT Adaro Energy Tbk. Shall be as follows: PT Saratoga Investama Sedaya (14,93%), PT Triputra Investindo Aryan (13,34%), PT Persada Capital Investama (11,01%), Garibaldi Thohir (7,8%), PT Trinugraha Thohir (7,8%), Edwin Soeryadjaya (4,3%), T. Permadi Rachmat (2,27%), Sandiago Salahuddin Uno (2,07%), Subianto (1,3%), PT Saratoga Sentra Business (0,25%) and society (34,83%)2. Though execution IPO PT. Adaro Energy Tbk. projected become biggest IPO in 2008, nevertheless much polemics that paralleled with its execution. The polemic are presumption of practices transfer price and suing to the ownership of Adaro share by Beckkett Pte. Ltd. Presumption of practices transfer price case is related to existence of coal purchase contract with Coaltrade Services International Pte Ltd. In that contract, Coaltrade Services International Pte Ltd. entitled to buy coal with under global market price from Adaro, and sell it to the global market with global market price. According
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