Summary by Moomoo AI
On August 8, 2024, Yanji House announced that its investment target, PT. ESTA INDONESIA, had successfully completed its initial public offering and was listed on the Indonesian Stock Exchange. Yanji House subscribed to shares in PT. ESTA's IPO, with a total investment of approximately $2.5 million. PT. ESTA is a company specializing in bird's nest trade and industry, and is the first upstream bird's nest raw material supplier to be listed on the Indonesian Stock Exchange, as well as one of China's largest bird's nest exporters. This listing will help PT. ESTA consolidate its leading position in the industry and accelerate its development. Yanji House has had a long-term partnership with PT. ESTA since 2015 and is a major investor in this IPO. The board of directors believes that this investment will benefit international cooperation between both parties and is in line with the overall interests of the company and shareholders. According to listing rules, this investment does not constitute a disclosable transaction.
