JAKARTA (AFX-ASIA) – PT Medco Energi said it plans to increase the public weighting in the company up to 20-25% next year so as to increase the company’s price to earnings ratio (PER) and market liquidity. The company’s finance director Sugiharto said public holdings currently only amount to 5.7%. He said the current Medco’s stock…
INDONESIA: Medco Energi to increase public shareholding up to 25% next year
Posted on December 19, 2002 by EnergyAsia