JAKARTA - PT Famon Awal Bros Sedaya Tbk (PRAY), the managing company of Awal Bros Hospital network, reported unrealised IPO proceeds of IDR 59.18 billion saved up in the bank with an interest of 6.8% per annum.

Liana Agutine Karnali, Director & Chief Executive Officer (CEO) of PRAY, mentioned that the total net proceeds of IPO are IDR 265.99 billion. “The realisation of IPO proceeds has reached IDR 206.81 billion,” she mentioned in the information disclosure quoted Tuesday (9/1).

This realisation includes the cost of land acquisition for a new hospital of IDR 132.99 billion, 100% of the budget; expansion and improvement of existing hospitals’ buildings and services worth IDR 26.59 billion or 40% of the total allocation of IDR 66.49 billion; and a construction of a new hospital building of IDR 47.21 billion or 71% of allocation of IDR 66.49 billion.

As is known, on November 8, 2022, PRAY issued 320.22 million shares for IDR 900 each. Total proceeds raised during the corporate action were IDR 272 billion. (LK/ZH)