Bukit Uluwatu Villa Offer 20 Percent of Shares to Public
Real Estate June 25th, 2010
Intention PT Bukit Uluwatu Villa become new entrants in the new floor was made up. Manager of resorts and hotels in Bali have set the share price in the range of its inaugural USD 230 to USD 260 per share.
The plan, the company will offer 20 percent of its shares to the public. When the celebration is perfected means Bukit Uluwatu will gain fresh funds amounting to Rp 197.14 billion to Rp 222.86 billion. “We are optimistic that all of its shares will be absorbed,” said Finance Director John D. Bukit Uluwatu Rasjad, Thursday (17 / 6).
Funds from the sale of these shares will be used for hotel development. According to John, as much as 32 percent of the fund to finance projects Alila Hotels Manado, 48 percent for Alila Villas Bintan, 12 percent for the addition of 12 units of villas at Alila Ubud, and the remainder for working capital.
John judging by his company to go public this can improve performance. He estimated its revenue would be increased fourfold from a year earlier to USD 183.48 billion.
So even with a net profit. John expecting net profit will jump from USD 4.59 billion to USD 30 billion to $ 35 billion
