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IPO Fund Realization of PT Teladan Prima Agro Tbk. (TLDN) Reached RP 84 Billion



Foto by Dea Kinanti_Sawitfest 2021/ilustration of plantation
IPO Fund Realization of PT Teladan Prima Agro Tbk. (TLDN) Reached RP 84 Billion

InfoSAWIT, JAKARTA - PT Teladan Prima Agro Tbk. (TLDN), palmoil plantation company and industry through its subsidiary announced the fund realization use from initial publich offering (IPO) that ended on 31 December 2023.

Director of TLDN, Wishnu Wardhana, as in the official statement on Monday (8/1) told that the company successfully got the first IPO on 31 March 2022 that reached Rp 300,3 billion and the costs about Rp 14,7 billion. It means, TLDN got net IPO up to Rp 285,6 billion.

From total fund gathered, TLDN realized some for operational needs and business development. Rp 44 billion was allocated to pay capital to PT Telen Prima Sawit (TPS) that would be used in capital expenditure, including to develop kernel crushing plant (KCP).

Besides, Rp 40 billion as the capital was allocated to PT Daya Lestari (DL) and was used to get capital expenditure namely to construct biogas power plant. By the fund realization, TLDN spent about Rp 84 billion from total IPO fund gathered.

Though it used some of IPO fund, TLDN still kept Rp 201,6 billion as deposit in PT Bank Mandiri (Persero) Tbk within interest rate about 6%. The fund would probably be used for the future to support the company’s progresses. (T2)

 

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