SidoMuncul eyes $131m IPO in Q4

By Rev Hui
08 Oct 2013

Indonesian herbal medicine producer, SidoMuncul, is planning a Rph1.5tr ($131m) IPO in the fourth quarter, according to a source close to the deal.

Sido Muncul is looking at a float of 20%. An application has been made to Indonesia’s Financial Services Authority as well as the Indonesia Stock Exchange, although it is unclear when a decision on the IPO will be made, the source said.

Based in Jakarta, SidoMuncul manufactures and ...

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