16 December 2011

ABM REAPS SUCCESS THROUGH PUBLIC EXPOSE AND DUE DILIGENCE MEETING

Tuesday, November 8, 2011 more than 500 potential investors came to PT. ABM Investama (ABM) Due Diligence Meeting (DDM) and Public Expose (PE) that were held at the Ritz Carlton Pacific Place, Jakarta, Indonesia.

ABM is the holding company of PT. Sumberdaya Sewatama (Sewatama) with a vision to be the leading company in strategic investment in energy resources, services and infrastructure.

During the meeting, ABM announced its plan to release 20% of its share value to public. It plans to sell 550,633,000 unit shares at a nominal value of Rp500 per unit.

Both DDM and PE was lead by PT. Macquarie Capital Securities Indonesia and PT. Mandiri Sekuritas as ABM’s appointed underwriters.

Andi Djajanegara (President Director), Yovie Priadi (Corporate Strategic Director), Willy Adhipradhana (Finance Director), and Syahnan Poerba (Corporate Services Director) represented ABM management as spokespersons.

Also present in the meeting were Rachmat Mulyana (Muki) Hamami, Mivida (Mia) Hamami, and Erry Riyana Hardjapamekas as ABM Commissioners, as well as Sewatama management.

Teuku Hendry Andrian, Analyst of PT. Woori Korindo Securities, stated that ABM’s relatively attractive offering share price and its promising business prospect would build positive enthusiasm among the investors, as quoted from Bisnis Indonesia.

Other analyst, Edwin Sebayang, Head of Research MNC Securities, voiced the same opinion and stated that overall, ABM has great prospect in growing its revenue up to 26% as well as its plan to repay its debts using the fund from IPO. He added that the volatile global market would not have any negative impact on the IPO.