Today's Super Energy Tbk (Super Energy), Thursday, September 13, 2018, at the Financial Hall, Financial Club, Jakarta, holds a Due Meeting and Public Expose, in order to conduct an initial public offering (IPO).

Super Energy through its two subsidiaries, namely PT Gasuma Federal Indonesia (GFI) and PT Bahtera Abadi Gas (BAG), is an integrated energy company that is a pioneer in processing flaring gas (gas flares) and gas distribution in the form of Compressed Natural Gas (CNG) up to consumers which are industries in East Java to Central Java through its subsidiary BAG. The subsidiary of Super Energy, GFI also produces Liquefied Petroleum Gas (LPG), Condensate. The company's main consumers, among others, are engaged in the food, beverage, textile / garment and chemical industries. At present Super Energy, through its subsidiaries operates three (3) Gas Plants, in Tuban and Gresik, East Java. Super Energy which was established in 2011 is a subsidiary of Super Capital Indonesia Group.

In this IPO, Super Energy offers the public as much as 240,000,000 shares or 16.03% of the total issued and fully paid capital and at the same time also implements mandatory convertible bonds (MCB) of 297,576,000 million shares at the same price, comparable to a share of 19.8% of the total issued and fully paid capital, by releasing a total of 537,576,000 shares, equivalent to 36% of the total paid up capital and placed after the public offering. Of the 240 million shares will be released to the public with a price range of Rp 150-Rp 160 per share, the company will obtain funds of Rp 36 billion-Rp 38.40 billion whose funds will be used for working capital.