JAKARTA. Four publicly listed state-owned enterprises (SOE) have announced rights issues to raise funds for expansion, including from state capital injections allocated in the revised 2016 state budget. The companies – construction firms PT Pembangunan Perumahan (PT PP) and PT Wijaya Karya, steel maker PT Krakatau Steel and toll road operator PT Jasa Marga – are slated to receive a combined Rp 9 trillion in state capital injections (PMN). Of the total funds, Wijaya Karya will get Rp 4 trillion, PT PP will get Rp 2.25 trillion, Krakatau Rp 1.5 trillion and Jasa Marga Rp 1.25 trillion.
Four state-run firms prepare rights issues
JAKARTA. Four publicly listed state-owned enterprises (SOE) have announced rights issues to raise funds for expansion, including from state capital injections allocated in the revised 2016 state budget. The companies – construction firms PT Pembangunan Perumahan (PT PP) and PT Wijaya Karya, steel maker PT Krakatau Steel and toll road operator PT Jasa Marga – are slated to receive a combined Rp 9 trillion in state capital injections (PMN). Of the total funds, Wijaya Karya will get Rp 4 trillion, PT PP will get Rp 2.25 trillion, Krakatau Rp 1.5 trillion and Jasa Marga Rp 1.25 trillion.