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GARUDA INDONESIA URGED TO POSTPONE IPO

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GARUDA INDONESIA URGED TO POSTPONE IPO

Government officials are urging Garuda Indonesia to postpone its initial public offering (IPO) to prevent a potentially low sales price. "It [the IPO] must be delayed until we consider it sound in terms of finance, ranking and transparency," Nurdin Tampubolon, the vice chairman of House of Repr...

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