Soechi docks for $173m listing as Indo market hit

Indonesia port
By Rashmi Kumar
30 Oct 2014

Indonesia’s Soechi Lines, part of ship operator Soechi Group, is braving volatile markets to open books for a Rph2.1tr ($173m) IPO on the domestic stock exchange, hitting investors at a time when the Jakarta Stock Exchange Composite Index has fallen some 1.3% during the month.

The fall was even worse in the middle of October, when the index slipped by nearly 4.5% to touch a low of 4,913.05. But it has recovered slowly since then, and was trading at 5,074.1 at the time of writing on October 30.

Soechi is giving investors ...

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