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MARKET

Stock Market Fluctuation Forces Super Energy to Lower IPO Price

Prospective issuer PT Super Energy Tbk is reducing its initial public offering (IPO) price and target due to fluctuations in the stock market. It initially offered an IPO price of Rp 250-250 per share, which has now been lowered to Rp 150-Rp 160 per share.

“This is to attract investors,” said Super Energy Independent Director Andreas S. Tjendana.

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