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  • Sun, 25 Aug 2024

Teguk Officially Goes IPO, 'TGUK' Shares Receive Full Support from 3 Ministries of the Republic of Indonesia

Jakarta, July 10, 2023 – PT Platinum Wahab Nusantara Tbk (TGUK) or TEGUK Indonesia, marked an achievement on the Indonesian stock exchange during its initial public offering (IPO). Teguk garnered high enthusiasm from investors, being oversubscribed by 159.91 times. Today, Monday (7/10/2023), TEGUK Indonesia became the 48th company on the Indonesia Stock Exchange (IDX) and received support from three ministers simultaneously.

"Through this initial public offering, Teguk will increase outlets, strengthen production capacity, expand marketing reach and digital innovation," said TEGUK Beverage CEO, Maulana Hakim during the initial listing of TGUK shares.
Moreover, the outstanding performance of TEGUK Trendy Beverages as a company deeply rooted in "local-pride" immediately received support from the Minister of Cooperatives and SMEs of Indonesia, the Minister of Tourism and Creative Economy of Indonesia, and the Minister of Youth and Sports of Indonesia. This support was well received by TEGUK Indonesia because when directly conveyed by Teten Masduki as the Minister of Cooperatives and SMEs, he continues to seek ways to encourage SMEs to level up, and a concrete example can be obtained from TEGUK Indonesia.

Minister of Tourism and Creative Economy Sandiaga Uno, in his message, congratulated TEGUK Indonesia and emphasized the same point that business actors (SMEs) play a very important role in economic development.
Specifically, Sandiaga Uno also conveyed the message that TEGUK Indonesia's presence in the heart of New York City, America has made TEGUK an Indonesian trendy beverage that has "Gone-International" and he believes TEGUK can carry a special mission for Indonesia to prove local flavors to the entire world.
Support for TEGUK Indonesia also came from the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo when receiving TEGUK Indonesia's President Commissioner Najib Wahab Mauluddin and TEGUK Indonesia's President Director Maulana Hakim along with their entourage in his office on the 10th floor of the Ministry of Youth and Sports office on Tuesday of the previous week.

"Their visit is in support of the Ministry of Youth and Sports' youth entrepreneurship program," he said. Currently, one of the main work programs of the Ministry of Youth and Sports is the Youth Entrepreneurship Course, a program that can shape intelligent, character-driven, and entrepreneurial-spirited youth to become the pioneers of successful Young Entrepreneurs who can become job creators. Thus, TEGUK Indonesia has officially become a business in Indonesia that supports this program.
"This success is a historic milestone for TEGUK Beverages and I also express my gratitude to all investors, employees, business partners, consumers and all circles including the loyal TEGUK community (known as “Sobat Peneguk") in Indonesia and America, who provide their support and trust. Our company will continue to be committed to providing the best and innovative products so that we can meet customer expectations, as well as provide sustainable results for shareholders," said Maulana.

The highest offering price recorded for TGUK shares at IDR 110 per share can now be obtained on all digital application platforms (stock trading) and indeed will certainly be attractive to investors looking for profitable investment opportunities or those in accordance with Sharia principles.

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