<article>Indonesia&#8217;s PT Garuda Maintenance Facility AeroAsia said on Friday it would sell 2.34 billion new shares at a minimum price of 336 rupiah a piece in a share sale.</article>

Indonesia&#8217;s PT Garuda Maintenance Facility AeroAsia said on Friday it would sell 2.34 billion new shares at a minimum price of 336 rupiah a piece in a share sale.
The company, a unit of flag carrier PT Garuda Indonesia, said in a statement it could raise 785.48 billion rupiah ($59.03 million) in the offering of the 8.28 percent stake.
The sale of new shares would be part of its stake sale to a strategic investor, where it planned to sell a 20 percent stake.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/indonesias-gmf-aeroasia-airfrance-klm-strategic-investor-90839/">Indonesia’s GMF AeroAsia shortlists Airfrance-KLM unit as strategic investor </a>
Reuters

The sale of new shares would be part of GMF AeroAsia's stake sale to a strategic investor, where it planned to sell a 20% stake.

Indonesia's GMF AeroAsia to raise $59m in new share sale

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Indonesia's GMF AeroAsia to raise $59m in new share sale

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief