Manggung Polahraya corrects IPO proceeds-use report, says IDR 73.39 billion fully deployed for working capital

Bitget2026/10/05 10:33

PT Manggung Polahraya issued a correction to its July 16, 2026 report on the use of IPO proceeds. Gross IPO proceeds totaled IDR 76.25 billion; offering costs were IDR 2.86 billion; net proceeds were IDR 73.39 billion. It reported 100% of net proceeds were used for working capital, leaving no remaining IPO funds. Working-capital use included IDR 66.42 billion in down payments, IDR 5.59 billion for building construction, IDR 1.38 billion for asphalt and concrete production. Warrants MANG-W: 228,750,000 issued at IDR 125; IDR 12.98 million remained as unspent planned proceeds; 228,646,145 not yet converted. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Manggung Polahraya Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32163285) on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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