Construction company PT WIJAYA KARYA (Persero) Tbk. (WIKA) is preparing schemes to float the governmentowned stake in the company and issue bonds totalling Rp 6 trillion (US$437.5 million) over five years after the government and the House of Representatives signaled that they would freeze state-capital injections for state firms in 2016.

WIKA finance director Adji Firmantoro said in his company's presentation during the Indonesia Stock Exchange (IDX) investor summit on Monday that the company planned to issue the 10.05 percent stake owned by the government through a private placement to help finance a number of projects the company had previously planned to fund using state-capital injections (PMN).

For more information, please read Jakarta Post (Printed Version) on November 10, 2015

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