Initial Public Offering (IPO) of PT Distribusi Voucher Nusantara Tbk (DIVA)

Jakarta, November 21, 2018 - PT Distribusi Voucher Nusantara Tbk (DIVA), a subsidiary of PT Kresna Graha Investama Tbk (KREN) started the Offering Period for its Initial Public Offering (IPO) on November 21st, 2018 at Mandiri Bank, Indonesia Stock Exchange (IDX), Jakarta. During the period, the Company offered up to 214.285.700 sheets of shares, with Rp2,950 per shares sheet. DIVA plans to use 55.0% of the result of the offering for working capital, 40% for capital expenditure (capex), and 5% will be allocated for investment in human resource.