Indonesia: IPO to be launched by Waskita Beton to raise IDR 4tn

In August or September 2016, an initial public offering (IPO) will be launched by Waskita Beton Precast (Waskita Beton) in Indonesia. Proceeds raised from the IPO will be used by the company for expansion. It estimated that IDR 3 trillion (€201.65 million/US$227.53 million) to IDR 4 trillion will be raised by the concrete producer from the transaction. The company is a Waskita Karya unit, and in 2016 output capacity will be raised by Waskita Beton to 2.4 million tonnes.
April 21, 2016 Read time: 1 min

In August or September 2016, an initial public offering (IPO) will be launched by Waskita Beton Precast (Waskita Beton) in Indonesia.

Proceeds raised from the IPO will be used by the company for expansion.

It estimated that IDR 3 trillion (€201.65 million/US$227.53 million) to IDR 4 trillion will be raised by the concrete producer from the transaction.

The company is a Waskita Karya unit, and in 2016 output capacity will be raised by Waskita Beton to 2.4 million tonnes.

Quarry Products

Related Content

January 12, 2015

Waskita Karya seeks loan for Pejagan-Pemalang toll road on Java

Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya.

Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%.

Waskita Karya plans to carry out a bond

boombox1

Highlighted Content

boombox2