JAKARTA (AFX-ASIA) – PT Medco Energi Internasional unit PT Apexindo Pratama Duta said its initial public offering (IPO) has closed fully subscribed, with foreign buyers accounting for less than 10% of total subscriptions. “We were unlucky because of the market situation, but still we have subscribed slightly over our expectations,” chief financial officer Agus Lomboan…
INDONESIA: Medco’s Apexindo IPO fully-subscribed; foreign subscriptions below 10%
Posted on July 12, 2002 by EnergyAsia