Merry Riana Edukasi corrects IPO proceeds use-of-funds report; says remaining fund at IDR 0

Bitget2026/10/14 01:58

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Merry Riana Edukasi issued a correction to its July 15, 2026 report on use of IPO proceeds.
Gross IPO proceeds totaled IDR 30.10 billion; offering costs were IDR 2.66 billion; net proceeds were IDR 27.44 billion.
Net proceeds were fully allocated, leaving no remaining funds.
Use of funds matched the prospectus: IDR 17.83 billion for a subsidiary capital injection, IDR 9.61 billion for another.
IPO cost breakdown included IDR 1.30 billion for capital market supporting profession fees, IDR 900 million management fee, IDR 270.12 million other fees.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Merry Riana Edukasi Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32166304) on October 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Merry Riana Edukasi corrects IPO proceeds use-of-funds report; says remaining fund at IDR 0

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