Cilacap raises USD8.5m from IPO

7

Indonesia’s Cilacap Samudera Fishing Industry has raised USD 8.5 million from its initial public offering in May. It will allocate 60% of the proceeds as working capital, mainly to buy raw materials. Meanwhile, 22% will be channeled to acquire a majority stake in Jembatan Lintas Global (JLG). Cilac...

Sign in  as a member, or Join our Community  for free to unlock the full article.

Regional Correspondent, Jakarta, Indonesia. Meli covered how automation is revolutionizing the regional poultry industry in the article, ‘When digital poultry technology becomes a necessity’.