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OSCAR LIVING | PT Oscar Mitra Sukses Sejahtera Tbk
OSCAR LIVING | PT Oscar Mitra Sukses Sejahtera Tbk
PT Oscar Mitra Sukses Sejahtera Tbk Resmi Melantai di Bursa Efek Indonesia - OSCARLIVING

PT Oscar Mitra Sukses Sejahtera Tbk Officially Lists on the Indonesia Stock Exchange

PT Oscar Mitra Sukses Sejahtera Tbk, with its brand "Oscar Living", is ready to take the floor and answer the challenge of becoming a leader in the online furniture trading sector in Indonesia. As an online-based furniture company through the existing marketplace platform, the Company has succeeded in changing the habits of Indonesian people to shop for "High Touch" products online.

This was achieved successfully due to the marketing strategy and rich content supported by reliable and experienced human resources, making it easier for customers to become more independent in shopping. All efforts made by the Company aim to instill a tagline
“SHOPLING FOR FURNITURE HAS BECOME EASIER” into the mindset of Indonesian people.

Oscar Living continues to uphold the quality of the products and services offered in order to create comfort and convenience for customers who shop for furniture. By providing easy online transactions, offering products at affordable prices, and improving the quality of human resources, Oscar Living has succeeded in becoming a company that is reliable, has integrity, and is trusted by its customers. Oscar Living will continue to add various new products, both brands and sub-categories such as Laundry & Cleaning, Baby Furniture, Plastic Furniture to complete the company's portfolio so that it can increase sales.

In 1984, PT Oscar Mitra Sukses Sejahtera Tbk started business as a Trading Company (PD) with the name "New Oscar" which at that time was led by Mrs. Hioe Mie Tjen. As time went by, the Company's leadership shifted to Mr. Hendro Jap as the second generation, where he decided to create the Company as a Limited Liability Company (PT) legal entity in 2009.

With more than 40 years of experience, the Company's reputation has earned the trust of the public, both suppliers and customers. PT Oscar Mitra Sukses Sejahtera Tbk continued its achievements as a legal entity company by listing its shares on the Indonesia Stock Exchange on May 17 2022 with the stock code OLIV. The number of shares offered to the public is 400 million shares or around 21.10% of the issued and paid-up capital.
full, at a price of IDR 100.00 / share. With that, the funds raised from the public through this Public Offering are worth 40 billion Rupiah.

The funds raised from this Public Offering will be used by PT Oscar Mitra Sukses Sejahtera Tbk to improve the company's performance, including for working capital, purchasing vehicles for delivery, opening new distribution warehouses and rejuvenating existing warehouses. The plan is expected to
encourage company performance and increase the Company's sales.

Apart from offering shares to the public, PT Oscar Mitra Sukses Sejahtera Tbk also issued 400 million warrants. For people who invest in the OLIV IPO, they are entitled to get these warrants in a 1:1 ratio, where 1 new share purchased is accompanied by 1 warrant. The company plans to use the funds collected from the exercise of warrants for working capital.

In the framework of this IPO process, PT Oscar Mitra Sukses Sejahtera Tbk has appointed PT Danatama Makmur Sekuritas as the lead underwriter or underwriter for the securities issuance. It can be seen that there is very high enthusiasm from the public regarding OLIV's listing on the Indonesian Stock Exchange. This can be seen from the oversubscription of more than 35x in the public offering which was carried out from 09 May 2022 to 12 May 2022.

On this occasion, the President Director of PT Oscar Mitra Sukses Sejahtera Tbk., Mr. Hendro Jap said: "With the implementation of this IPO, PT Oscar Mitra Sukses Sejahtera Tbk hopes to continue to be the market leader for furniture traders, especially online, as well as taking part in the digital economy industry and national creative. Through chance
We want to invite all Indonesian people to be part of our journey to achieve this goal.

With a strong capital structure and full support from the public, PT Oscar Mitra Sukses Sejahtera Tbk is ready to continue to be one of Indonesia's proud companies. ”
In the future, PT Oscar Mitra Sukses Sejahtera Tbk will continue to improve its performance by maintaining its commitment to always providing a variety of new products that are complete, high quality and affordable, so that customers can rely on them to make their dream home come true.

https://www.metapos.id/pt-oscar-mitra-sukses-sejahtera-tbk-resmi-melantai-di-bursa-efek-indonesia/

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