JAKARTA (Reuters) - Indonesia’s PT Garuda Maintenance Facility AeroAsia (GMFI.JK) 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 (GIAA.JK), 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.
($1 = 13,306 rupiah)
Reporting by Cindy Silviana; Writing by Fransiska Nangoy; Editing by Jacqueline Wong