JAKARTA – PT Haloni Jane Tbk (HALO), a medical glove manufacturer, aims to score IDR 113 billion in the initial public offering (IPO) of 1.13 billion shares of IDR 113 each. Said corporate action has started to take place since yesterday (1/2) and will end on February 6, 2023.

Based on the prospectus quoted today (3/2), the number of shares offered in the IPO is equal to 20% of total issued and paid-up capital post-IPO of IDR 56.5 billion. The shareholders of HALO will then consist of Hansen of 79.99% and Imelda Lin of 0.01%.

Prior to IPO, its issued and paid-up capital was IDR 45.20 billion, 99.99% of which belonged to Hansen Lin, while Imelda Lin still claims the remaining 0.01%. The stock in its portfolio is worth IDR 135.6 billion.

The entire IPO proceeds will be spent on raw and other supporting materials for production. HALO needs raw materials, such as natural rubber, filler, sulphur, antioxidant, as well as supporting materials, including inner box, master box, paper pouch, and coals. (LK/ZH)