Weekly Business

CORPORATE
Garuda Share Price Set

THE Ministry for State-Owned Enterprises determines the selling price of PT Garuda Indonesia shares in its initial public offering (IPO) shall be Rp750 per share. According to Minister Mustafa Abubakar the price is in accordance with the range earlier set by the government, from Rp750 to Rp1,100. "Although at the lowest level the price provides the optimum advantage," he said on Wednesday of last week.

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