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PT Indonesia Asahan Aluminum or Inalum has announced plans for an initial public offering (IPO) on the Indonesian Stock Exchange (IDX). Hendi Prio Santoso, President and Director of MIND ID – the state-owned mining industry holding company – said MIND ID and Inalum are also considering several financing alternatives to realize the growth strategy, including an IPO or IPO. He continued that MIND ID Group is currently focused on completing the reorganization process.
“That includes raising funds from an IPO. Of course, Inalum and MIND ID will continue to coordinate with shareholders to implement the right funding program for Inalum’s growth strategy,” Hendi said last weekend.
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