UCID prepares a working capital budget of Rp 173.55 billion
JAKARTA – PT Uni-Charm Indonesia Tbk (UCID) prepares a working capital budget of Rp 173.55 billion for this year, taken from the proceeds of the IPO on 20 December 2019 (Rp 1.15 trillion).
As quoted from the company’s disclosure, Yuji Ishi, President Director of PT Uni-Charm Indonesia Tbk (UCID) said that Rp 274.97 billion of the IPO funds had been used to off the company’s debts.
During its IPO, UCID released 831,314,400 shares at a price of Rp 1,500 per share. (LK/AR)