Dentons HPRP, a prominent law firm, has successfully facilitated the Initial Public Offering (IPO) process for PT Maja Agung Latexindo Tbk. Led by Partner Erwin Kurnia Winenda, Dentons HPRP’s dedicated team, including Senior Associate Rio Febrianus Pasaribu and Associates Fremi Rovi Raturandang, Beatrix Deviana Mukin, and Pasha Soulaiman Kesumanagara, contributed to the seamless execution of the IPO.

On December 7, 2023, PT Maja Agung Latexindo Tbk officially debuted its shares on the Indonesia Stock Exchange under the stock code SURI. As an entity within the Shamrock Group, this listing represents a significant stride for PT Maja Agung Latexindo Tbk.

As part of the IPO process, PT Shinhan Sekuritas Indonesia was appointed as the lead underwriter. The Public Offering, held from December 1 to December 5, 2023, witnessed enthusiastic participation from the public eager to invest in PT Maja Agung Latexindo Tbk’s shares.

A total of 1.26 billion shares, equivalent to 20% of the fully paid and placed capital, were offered at a price of Rp 170.00 per share. The Public Offering garnered a total of 215.36 billion Rupiah from the public, funds that will be utilized by PT Maja Agung Latexindo Tbk for working capital and operational activities.

With its extensive experience in Capital Market practice, Dentons HPRP has been successfully assisting corporations in various industries. For further information related to the services provided, please contact the partner listed under key contact.