PT SURYA PERTIWI Tbk: Striving for Improvement April 16, 2018
CV Surya founded in 1968 as a sole agent of Japan-based TOTO products
Surya Pertiwi was established in 1978 as PT (Limited Liability Company).
Selling and distributing both locally made and imported sanitary wares, fittings, kitchen wares and other toilet related products. While more than 90% of products are of TOTO brand, the company also sells other brands; most of them are European such as Villeroy & Boch, Kaldewei, Geberit, Stiebel Eltron and Franke.
Initial Public Offering Facts
Maximum of 700,000,000 shares (25.92% of the enlarged capital) is being offered to public.
Up to 10% of the number of shares offered will be allocated for Employee Stock Allocation (ESA).
IPO price ranges between IDR 1,160 – IDR 1,520 per share.
The company plans 40% dividend payout ratio of its previous year’s consolidated net income, after provisioning for all statutory reserves.