PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today. On its first day of trading, shares of Intra Golflink Resorts (GOLF) surged by 35% - GOLFLINK RESORTS

PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today. On its first day of trading, shares of Intra Golflink Resorts (GOLF) surged by 35%

KONTAN.CO.ID - JAKARTA. PT Intra Golflink Resorts Tbk (GOLF) officially debuted on the Indonesia Stock Exchange (IDX) today (8/7).

During its initial trading session, as of 09:01 AM WIB, GOLF shares surged by 35% to Rp 270 per share.

In its IPO, GOLF offered 1.95 million shares, equivalent to 10.01% of the total issued and fully paid-up capital after the initial public offering (IPO). The company, owned by Tommy Soeharto's son, set the IPO price at Rp 200 per share, raising a total of Rp 390 billion in fresh funds.

Of the funds raised, GOLF plans to allocate 87.53% to capital injections into its subsidiary, PT New Kuta Golf and Ocean View (NKG), which manages golf and property businesses, including luxury hotels in Bali.

Additionally, approximately 5.34% will be used for capital injections into another subsidiary, PT Sentul Golf Utama (SGU).

The remaining 7.13% will be allocated to finance the company's operational activities.

Source: investasi.kontan.co.id