08 July 2013, Multipolar Technology Shares Price Up 25% on Trading Debut

JAKARTA—PT Multipolar Technology Tbk opened at IDR600 per share on its trading debut, Monday (7/8). It significantly increased 25% from initial price at IDR480 per share.

MLPT-coded company shares jumped 50% to IDR720, which is the highest level on trading this morning. It made market capitalization amounted to IDR1.35 trillion.

The company engaging in information technology planned to release 375 million shares or some 20% of paid up capital on IPO. With IDR180 billion proceeds, the company will allocate 28% for company’s capital expenditure in 2013-2014.

Based on Bisnis data, in detail explained, Lippo Group’s entity capex consists of building purchase expansion amounted to IDR20 billion, office equipment and other assets such as IT equipment to rent as much as IDR40 billion.