ASIATODAY.ID, JAKARTA – PT Terang Dunia Internusa Tbk. (UNTD), a United Bike brand electric bicycle and motorbike manufacturer in Indonesia, wants to expand electric motorbike exports to the Southeast Asia region after officially listing on the Indonesia Stock Exchange (BEI), Wednesday, February 7 2024.
UNTD Director Andrew Mulyadi said, for bicycles, the company has long been exporting to Europe, America and Asia. Meanwhile, UNTD has just exported electric motorbikes to Malaysia.
“We already have cooperation with distributors in Malaysia, and there is also joint assembly there. So far we have only exported 1,000 units, but this year’s target is 2,000-3,000 units in Malaysia,” said Andrew.
After Malaysia, expansion of UNTD’s export market share in the Southeast Asia region is targeted to be completed this year.
“This year, our first marketing target is to neighboring countries in ASEAN such as Singapore, Malaysia, Brunei Darussalam,” he explained.
In the future, UNTD is also targeting the expansion of dealers and distributors. In 2024, at least one distributor will have 10 dealers.
Regarding capital expenditure (capex), UNTD has prepared 50 billion rupiah for additional production machines. In detail, the company also has an extensive distribution network with 490 United Bike dealers and 26 United E-Motor dealers and 49 sub-dealers.
Meanwhile, UNTD produces bicycles, electric bicycles, e-Mopeds and electric motorbikes. The types of bicycles and electric bicycles owned by TDI vary from folding bikes, mountain bikes, road bikes, and others.
For electric motorbikes. For electric motorbikes, UNTD has 4 types of e-Motors, namely MX-1200, T-1800, TX-1800, and TX-3000, with the highest specification being the TX-3000.
In today’s initial share listing, UNTD released a maximum of 1.66 billion (1,666,666,700) shares with a nominal value of 25 rupiah per share or representing 25% of the company’s total issued and paid-up capital after the IPO.
With an initial offering price of 240 rupiah per share, UNTD has the opportunity to obtain a maximum of 400 billion rupiah in fresh funds from the IPO proceeds.
Referring to the IPO prospectus, all IPO funds will be used by the company for working capital and purchasing raw materials for electric motorbikes and E-Mopeds, including for purchasing frames, batteries, dynamos, wheel-sets, multi information displays (digital speedometer, GPS), brake system, and suspension. (ATN)
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