Indonesia’s Deltamas pulls IPO

The industrial estate developer, which was initially seeking to raise at least $154 million, had been trying to find demand for a smaller and cheaper offering but has now decided not to proceed at this time.

Anette Jönsson

August 15, 2013

After a week of trying to resurrect its initial public offering, Indonesia’s Puradelta Lestari has cancelled the deal, sources said Wednesday.

¬ Haymarket Media Limited. All rights reserved.

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