PT Intra Golflink Resorts Tbk (GOLF) officially listed its shares on the Indonesia Stock Exchange (BEI) on Monday (8/7). Following the listing, the company immediately undertook several corporate actions to support its future financial performance.
"After the IPO, we will aggressively expand for the development of infrastructure and ecosystem in the golf tourism sector. Hopefully, GOLF can become a pioneer and a leading golf destination for both local and foreign tourists," said Darma Mangkuluhur Hutomo, Chief Commissioner of Intra Golflink Resorts, in Jakarta yesterday.
GOLF has already begun initial development for the 6-star 'Luxury Boutique Hotel' and 'New Kuta Golf Villa' projects in Bali. CEO of Intra Golflink Resorts, Dwi Febri Astuti, projected that GOLF's performance will continue to improve alongside the high interest from tourists in golf activities and the completion of these ongoing projects.
"We hope that the development of sports and entertainment ecosystem facilities around the golf area will boost GOLF's recurring income, thus ensuring continued positive growth in the company's profits," she explained.
Previously, the company issued new shares through an initial public offering (IPO) of 1,950,000,000 units, equivalent to 10.01% of the total issued and fully paid-up capital post-IPO, priced at Rp 200 per share. The company raised a total of Rp 390 billion in fresh funds. After deducting issuance costs, the majority of the IPO proceeds will be used for expansion.
Specifically, 87.53% will be allocated for capital injections into its subsidiary, PT New Kuta Golf and Ocean View (NKG), which is set to develop the 'Luxury Boutique Hotel' at Hole 15-Th Cliff Hanger and the 'New Kuta Golf Villa' in the Pecatu Indah Resort area, Jimbaran Bali.
Source: neraca.co.id
Update Saham
