Jakarta — The upstream unit of Indonesia’s Pertamina, Pertamina Hulu Energi, has delayed its initial public offering (IPO) plan, the country’s Financial Services Authority (OJK) said on Monday.
The delay was due to an administration issue over which month’s financial results would be used by Pertamina Hulu Energi, said Inarno Djajadi, head of capital market supervision at OJK. (Reporting by Stefanno Sulaiman and Ananda Teresia; Editing by Martin Petty) – Reuters
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