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OSCAR LIVING | PT Oscar Mitra Sukses Sejahtera Tbk
OSCAR LIVING | PT Oscar Mitra Sukses Sejahtera Tbk
Resmi Listing di Bursa, Saham Oscar Living (OLIV) Menguat - OSCARLIVING

Officially Listed on the Stock Exchange, Oscar Living (OLIV) Shares Strengthen

Jakarta, FORTUNE - PT Oscar Mitra Sukses Sejahtera Tbk (OLIV) officially listed on the Indonesia Stock Exchange (BEI). The company's share price was observed to increase 1 percent on the first day of trading.

Collect RTI Business, Tuesday (17/5), today's OLIV price moved in the range of IDR 100–IDR 110 with an average price of IDR 103.10.

The total volume of outstanding shares reached 324.04 million; with a transaction value of IDR 33.42 billion. Not only that, OLIV shares have also been traded 32,787 times.

Thus, price earning to ratio (PER) OLIV touched 240.48 with a market capitalization of IDR 191.90 billion.

OLIV, holder of the Oscar Living brand, is offering 400 million shares or the equivalent of 21.10 percent of the total issued and fully paid capital. The price is IDR 100 per share. So, the total funds that will be collected will reach IDR 40 billion.

The company will use the IPO funds for a number of needs, namely: working capital, purchasing vehicles for delivery, opening new distribution warehouses, and rejuvenating existing warehouses.

"The plan is expected to boost the company's performance and increase the company's sales," said OLIV Management.

Apart from the IPO, OLIV also issued 400 million warrants. Each investor who buys IPO shares is entitled to warrants in a 1:1 ratio. The funds collected from the warrant offering will be used as working capital.

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