The economic slowdown and news of the decline in property sector sales did not deter property developer PT Binakarya Jaya Abadi from continuing to expand.

This is evidenced by fundraising efforts through the mechanism of initial public offering (IPO) by issuing 238.15 million new shares.

The book-building period commences from 10 to 17 June 2014. The Company expects the Financial Services Authority to issue an effective statement on June 26, 2014. Thus, the public offering can be made on June 29-July 1, 2015. Subsequently, the allotment of shares on July 3, 2015 and distribution On July 7, 2015.

“In the initial public offering, the company issued 238,150,769 new shares or 35% of paid up capital after the public offering,” said Binakarya President Director Budianto Halim in a media presentation at Rafles Ballroom, Jakarta, Friday (6/12/2015).