SMMA representing the joint lead underwriters on the IPO of PT Citra Borneo Utama (CBUT)

Using its March 2022 accounts, PT Citra Borneo Utama (CBUT), which is largely known as a company which refines crude palm-oil and trades its end-products, has finally and successfully listed its shares on the Indonesia Stock Exchange. Santoso, Martinus & Muliawan Advocates is grateful of being a part of this process by representing the joint lead underwriters on the IPO. Elvino Martinus leads our capital market practice.