PT Cottonindo Ariesta Tbk held a Pubex or Public Expose event on Thursday, September 13, 2018 at the Harris Hotel-Convention Festival City Link, which is located at JL. Map No.241, Bandung. The Pubex event is related to the company’s plan to go public to release a portion of its shares on the Indonesia Stock Exchange. The Pubex event was held after getting a “pre-effective” from the regulator namely the Financial Services Authority (OJK).
The Pubex Cottonindo event was also attended by underwriters namely UOB Kay Hian Securities, KAP Johan Malonda Mustika & Partners, supporting professions such as BAE, PT Adimitra Korpora, KJPP Felix & Partners, Notary Office Mayasari SH. The company also invited a number of parties both institutions and individuals who have the potential to become stock investors if Cottonindo Ariesta takes the floor in the stock market in the near future. Mr. Marting Djapar as the founder and Managing Director of the company gave a speech explaining the reasons the company went public. Pak Marting Djapar said that Cottonindo Ariesta has a number of good business opportunities going forward and has a solid business background so far, so that by going public, it will make the company grow and grow. He sees that the market for Cottonindo is still wide open and Indonesia will grow as its economy is more developed in the future.
Business presentation in Pubex was conducted by Mr. Fransiskus Toni as Vice President Director and concurrently as Finance Director Mr. Toni explained a number of steps Cottonindo would take to advance the company in the near and medium term and long term. Mr. Toni said, even though the current condition of the capital market was not conducive, however Mr. Toni was optimistic, shares to be sold to the public would be welcomed by capital market investors in Indonesia. Mr. Toni also said that Cottonindo is a unique company, and has special uniqueness not only in Indonesia, but even in the Asia Pacific. The company has a strong retail market base in Indonesia and an institutional market in the Asia Pacific. Cottonindo has regular customers in a number of countries such as Myanmar, the Philippines, Australia, Hong Kong, Taiwan, Vietnam and so on. Mr. Toni actually sees that export opportunities will increase company revenues in the future and increase exports to a number of countries in the Asia Pacific. After going public, Cottonindo will also add its health cotton products and develop them in the Indonesian market. The company will develop a second factory in the Subang area of West Java as well and will develop export products so that it can bring in more foreign exchange for Indonesia.
The underwriter, UOB Kay Hian Sekuritas, represented by Mr. Agoes Halim, responded to a question about the future prospects of Cottonindo shares with the initial “KPAS”, saying that the performance of “KPAS” shares would grow in line with the growth of the company’s fundamental growth and will increase in the future.