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Waskita plans Rp1t IPO after bonds, loans.
Byline: Esther Samboh , The Jakarta Post, Jakarta
Indonesia's fourth-largest construction firm, PT Waskita Karya, aims to raise Rp 1 trillion (US$111 million) from an initial public offering scheduled for the first quarter of next year, which is expected to see between 30 to 35 percent of the company's shares floating in the bourse.
The public offering is part of the company's grand strategy to improve its finances and be independent from the care of state asset manager PT Perusahaan Pengelola Aset (PPA).
PPA injected Rp 475 billion to take over the government's 99 percent stake in Waskita in 2010 to restructure the company's finances and operational …
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Newspaper article from: Jakarta Post
April 12, 2010
700+ words
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Newspaper article from: Jakarta Post
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- WASKITA KARYA SECURES RP4.7 TLN CONTRACTS.
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Magazine article from: ANTARA - The Indonesian National News Agency
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- Waskita to delay IPO until 2010.
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Newspaper article from: Jakarta Post
January 13, 2009
700+ words
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