KONTAN.CO.ID - JAKARTA. Indonesian gold miner PT Archi Indonesia is planning to launch an initial public offering by next June, aiming to sell a 20% stake, the company said on Monday. Archi Indonesia, which operates two gold mines on Sulawesi island, is a unit of Indonesian conglomerate Rajawali Corp. Rajawali has interests in mining, plantations, hotels and transportation. Archi said that by listing shares, it aims to accelerate its growth plan and improve corporate governance through direct supervision from regulators and the general public, said its vice president, Rudy Suhendra.
Indonesian gold miner Archi Indonesia plans IPO
KONTAN.CO.ID - JAKARTA. Indonesian gold miner PT Archi Indonesia is planning to launch an initial public offering by next June, aiming to sell a 20% stake, the company said on Monday. Archi Indonesia, which operates two gold mines on Sulawesi island, is a unit of Indonesian conglomerate Rajawali Corp. Rajawali has interests in mining, plantations, hotels and transportation. Archi said that by listing shares, it aims to accelerate its growth plan and improve corporate governance through direct supervision from regulators and the general public, said its vice president, Rudy Suhendra.