JAKARTA – PT Uni Charm Indonesia Tbk (UCID) still possesses the remainder of its capital expenditure (capex) worth IDR 91.51 billion from its initial public offering (IPO) on December 20, 2019.

Vikry Ahmadi, Manager of Legal and Corporate Secretary of UCID, claimed that the company has allocated IDR 750 billion for its capex, which is equal to 65% of its total IPO proceeds of IDR 1.15 trillion. “Up until now, the company has realised IDR 618.08 billion or 53.57% of total IPO proceeds,” he said, as quoted Tuesday (17/1).

The IPO proceeds are also allocated for other purposes, including debt payment worth IDR 230.77 billion, equivalent to 20% of total IPO proceeds, and its working capital of IDR 173.08 billion. However, the debt payment realisation is higher than the initial plan, reaching IDR 271.17 billion, while the working capital realisation clocks up to IDR 173.07 billion.

The IPO proceeds that are allocated for capex is deposited in Bank CIMB Niaga with an annual interest rate of 3%. (LK/ZH)