During the first trading session on Monday (11/09) shares of Mitra Keluarga Karyasehat, Indonesia's largest listed hospital operator in terms of market capitalization, plunged 4.27 percent to IDR 2,020 per share after a high degree of negative attention in Indonesian media. This weak performance is linked to a scandal that emerged over the weekend.

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On the latest shareholder meeting (conducted Wednesday 23 September) it was decided that Indonesian hospital operator Mitra Keluarga Karyasehat can go-ahead with its planned 10:1 stock split. The company wants to reduce its shares’ nominal value by ten in order to boost liquidity as shares become more affordable. Meanwhile, shareholders also agreed to boost the company’s paid up capital. After Siloam International Hospitals, Mitra Keluarga Karyasehat is Indonesia’s second-largest hospital operator.

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Three Indonesian companies are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the first quarter of 2015. These companies are Bank Yudha Bhakti, Mitra Keluarga and Mitra Energi Persada. Hoesen, Director of Corporate Valuation at the IDX, said that the listing of Mitra Energi Persada (an oil, gas and coal distributor) is actually a re-listing as the company had de-listed from the Exchange in 2007. The company is expected to offer 11 percent of its enlarged equity to the public.

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Mitra Keluarga Karyasehat, a leading Indonesian hospital operator and subsidiary of the Kalbe Group, plans to raise about IDR 4.2 trillion (USD $328 million) in an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in March 2015. The company plans to offer up to 261.9 million shares, or 18 percent of its enlarged equity, to the public. Five percent of this total constitute new shares, while 13 percent are shares divested by private equity firm Lion Investment Partners.

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