JAKARTA - PT Wijaya Karya (Persero) Tbk (WIKA) plans to put its two subsidiaries into the capital market by the end of 2019. In the second quarter of 2019, the company will conduct the Initial Public Offering (IPO) of PT Wika Realty.
Ade Wahyu, Finance Director of PT Wijaya Karya (Persero) Tbk (WIKA) stated that the subsidiaries should be put in the market in order to increase the company’s equity. “In the fourth quarter of 2019, we will conduct the IPO of Wika Ikon (Industri Konstruksi),” said he, in Jakarta.
Furthermore, Wahyu added that the management was very optimistic to obtain new contracts with a total value above Rp 10 trillion in the first quarter of 2019. As of mid-March 2019, the company already obtained new contracts with a total value of Rp 10.5 trillion. (LK/AR/W)