TO EXPAND ITS OUTLET NETWORK, RAMAYANA RAISES RP 40 BILLION IN PUBLIC FUNDS

Indonesian Commercial Newsletter | July 8, 1996 | Copyright

Amidst the booming retail business through department stores and supermarkets under the one-stop shopping system and amidst the increasingly tight competition from multinational retailers such as Sogo, Seibu, JC Penney, Mark & Spencer, Metro, Makro, K-Mart, and Wall-Mart, PT Ramayana Lestari Sentosa - one of the largest retailers in Indonesia - offered its shares on the JSX late in June 1996 in order to finance its business expansion. Other national chainstores had earlier listed theft shares on the stock exchange.

Ramayana's public offering involved 80 million common ...

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