IN BRIEF: GUNUNG STEEL GROUP TO RAISE OVER USD 70 MILLION

摘要

Indonesia’s Gunung Steel Group is going to raise over IDR 1 trillion (USD 70.9 million) by placing its shares on the stock exchange, Metal Expert learnt from local media. According to the source, the capital in different proportions will be used to pay off debts amassed after the purchase of individual assets, as well as to cover operating costs and as a working capital.