KONTAN.CO.ID - JAKARTA. PT Terang Dunia Internusa Tbk is ready to go public on the Indonesia Stock Exchange (IDX). The manufacturer of United Bike and United E-Motor electric motorcycles has just completed its roadshow and book building on January 22, 2024. The company will soon conduct an initial public offering to prospective investors from February 1 to 5. An effective statement from the Financial Services Authority (OJK) is expected to be obtained on January 30, 2024. Once the effective statement is issued, Terang Dunia Internusa is expected to be listed on the IDX on February 7, 2024. In this initial public offering (IPO), the company, which has the stock code UNTD, plans to raise funds up to IDR 400 billion at the highest price range. United Bike & United E-Motor recorded a sales growth of 93.5% year on year (yoy) reaching IDR 479 billion and a net profit growth of 114% yoy to IDR 46 billion in the first seven months of 2023.
Baca Juga: China's BYD Launches 3 EV Models in Indonesia The company is committed to supporting Indonesia's target to achieve net zero emissions by 2060 through the expansion of electric motorcycle use. "I think electric motorcycles are one of the options to reduce pollution," explained Terang Dunia Internusa's Director, Andrew Mulyadi, in his statement, Tuesday (30/1), UNTD targets the production of 60,000 electric motorcycles in 2024. Andrew Mulyadi said UNTD continues to strive to increase electric motorcycle sales this year. This is based on the still minimal sales of electric motorcycles due to low demand. "This year's target is 60,000 because last year we only produced a few thousand," said Andrew, after a public presentation, some time ago. He is confident that with government incentives and ease of financing, the growth of electric motorcycle sales will continue to increase in the coming years. The government provides incentives of IDR 7 million for each purchase of a new electric motorcycle with the provision of 1 NIK KTP for 1 unit of electric motorcycle.
