JAKARTA - PT Jasamarga Related Business (JMRB), a subsidiary of PT Jasa Marga Tbk (JSMR), is in the initial assessment process to become a public company.
Agus Setiawan, Corporate Secretary of Jasa Marga, said that several JSMR business lines would provide added value to shareholders, one of which was helping the business development in the area around toll roads.
"The company, through JMRB, targets to obtain alternative sources of funding through an initial public offering (IPO)," said Agus, in an information disclosure of Indonesia Stock Exchange on Thursday (26/11/2020).
For more details, JMRB is a transformation of PT Jasamarga Properti. Currently, the company also has a fairly broad business lines, which includes property development, development and management of rest areas throughout Indonesia, management of advertising and utility units, digital business development, and building management. (AM/VA)