JAKARTA. Hospital issuers continue to launch expansions in all over Indonesia. PT Siloam International Hospitals Tbk (SILO) will operate six new hospitals by the end of the year. SILO also expects to expand the capacity of its hospital in Cikarang, West Java by May 2017. To date SILO has spent US$72 million of US$90 million of budgeted capital expenditure for the expansion. SILO aims to gain IDR 1.3 trillion of additional funds by issuing 145 million of shares, which ara equal to 12.5% of paid capital. The funds will be allocated for business expansion including building 14 new hospitals, capital expenditure, and paying debts. In 2017, SILO will build 14 new hospitals.
Hospital issuer launch expansion
JAKARTA. Hospital issuers continue to launch expansions in all over Indonesia. PT Siloam International Hospitals Tbk (SILO) will operate six new hospitals by the end of the year. SILO also expects to expand the capacity of its hospital in Cikarang, West Java by May 2017. To date SILO has spent US$72 million of US$90 million of budgeted capital expenditure for the expansion. SILO aims to gain IDR 1.3 trillion of additional funds by issuing 145 million of shares, which ara equal to 12.5% of paid capital. The funds will be allocated for business expansion including building 14 new hospitals, capital expenditure, and paying debts. In 2017, SILO will build 14 new hospitals.