JAKARTA. Waskita Beton Precast, a subsidiary of state-owned construction firm Waskita Karya Tbk, is aiming to run an initial public offering (IPO) in August or September, a top Waskita Karya executive announced in Jakarta. Waskita Karya president director M. Choliq said the firm was on track to list Waskita Beton Precast shares on the bourse and estimated taking Rp 3 trillion to Rp 4 trillion (US$228 million to $304 million) in proceeds. “The company will start a public offering as early as August but no later than the end of September,” he said after a hearing with the House of Representatives Commission VI overseeing industry and state-owned enterprises.
Waskita Beton Precast to go public in August
JAKARTA. Waskita Beton Precast, a subsidiary of state-owned construction firm Waskita Karya Tbk, is aiming to run an initial public offering (IPO) in August or September, a top Waskita Karya executive announced in Jakarta. Waskita Karya president director M. Choliq said the firm was on track to list Waskita Beton Precast shares on the bourse and estimated taking Rp 3 trillion to Rp 4 trillion (US$228 million to $304 million) in proceeds. “The company will start a public offering as early as August but no later than the end of September,” he said after a hearing with the House of Representatives Commission VI overseeing industry and state-owned enterprises.