Kino Indonesia Listed on Indonesia Stock Exchange at the Price of Rp 3.800 per Share
Kino obtained Rp 868,57 billion through the IPO
JAKARTA, Desember 11th, 2015 – PT. Kino Indonesia, Tbk (stock code: KINO), a Fast-Moving Consumer Goods (FMCG) company listed its shares in Indonesia Stock Exchange today.
The offering period took place on 10 November – 20 November 2015, KINO set the Offering Price at Rp 3,800 per Share.
President Director of PT. Kino Indonesia Tbk., Harry Sanusi, stated that book building process has been going well and has shown investor interest to invest in PT. Kino Indonesia, Tbk. Investor’s confidence has also become an evidence that consumer goods business managed by the company has good prospects in the middle of the current national economic challenges.
“Thanks to everyone so that IPO has been successfully conducted. We believe that business prospects of PT. Kino Indonesia Tbk. will continue to grow in the future since consumer goods are people daily needs. Consumer goods industry is one of expected to survive in time of crisis and have a number of favorable factors such as the total population of 250 million people and a growing number of middle class population, as well as the percentage of productive age population, which is the target market of the company”, said Harry on the launching of Kino IPO in Indonesia Stock Exchange Building, Jakarta, Friday (11/12).
Peter Chayson, Corporate Finance Director of PT. KINO Indonesia, Tbk. added that Kino offered 228.57 million primary shares in the IPO or 16% from issued and fully paid-up capital. “Kino will use the IPO proceeds around 27% for the purchase or acquisition of a brand or assets, or invest in the similar company industries to support the inorganic growth of KINO Group. Approximately, 50% of the funds will be used for supporting capital expenditure in order to contribute the organic growth of the company. While as many as 23% of the funds will be used by the company and its subsidiaries to support the company’s working capital”, said Peter.
As a Fast-Moving Consumer Goods (FMCG) company, company’s performance is very solid. Year-to-date June 2015, company’s sales increased by 10% from Rp 1.59 trillion (June 2014) to Rp 1.75 trillion. Concurrently, company’s net income increased from Rp 45.25 billion (June 2014) to Rp 165.44 billion (June 2015).
Those performances are supported by 29 branches and 211 third-party distribution centers which provide access to national network that serve 941.106 direct and indirect outlets across 35 provinces in Indonesia.
“We hope that the company’s positive performance will provide a value added to our investors and stakeholders. The company will continue to maintain a healthy business growth and adhere to the principles of good corporate governance,” said Harry.
About PT. Kino Indonesia, Tbk.
PT Kino Indonesia Tbk. is a leading local company in Indonesia which produces consumer goods (Fast-Moving Consumer Goods – FMCG). Kino group established since 1991. In the past two decades, along with the PT Kino Morinaga Kino Indonesia, Kino Group has already had six factories with 8,076 employees.
PT Kino Indonesia Tbk. has produced consumer goods as many as 664 items (Stock Keeping Unit – SKU), which consists of personal care products; followed by household care products; baby care; and beverages. The leading brands and market leaders are Ellips, Eskulin, Ovale, Three Leg brands (Larutan Cap Kaki tiga), Resik-V, Sleek, and many more. In accordance with the motto of “Innovate today”, KINO will continue to innovate in developing its products.
As part of the Group Kino, there is a distribution company named PT Duta Lestari Sentratama, that has significantly grown with 29 branches and 211 distribution centers, to handle distribution throughout Indonesia. There is also PT Morinaga Kino Indonesia (joint venture with Morinaga & Co. Ltd, Japan.), which produces food products.
KINO has also penetrated into Asia, with the ownership of shares in Malaysia, Philippines, Singapore and Vietnam through Kinocare (M) Sdn. Bhd., Kino Consumer Philippines. Inc., Kino International Pte. Ltd. and Kino Vietnam Co. Ltd. Besides, Kino Group have also cooperated with several large distributors network in Asia, Australia, Middle East, and Africa.
For further information, please contact:
Corporate Finance & Investor Relations Manager
PT. Kino Indonesia Tbk