The Indonesian government eyed Rp 21 trillion (US$1.55 billion) from the sales of shares of 10 subsidiaries of state-owned enterprises (SOE) through initial public offerings (IPOs) next year.
The State-owned Enterprises Ministry announced that the five companies that failed to hold IPOs last year would carry out IPOs next year, while the five others were in the preparation process.
There are some subsidiaries of PT Pembangunan Perumahan (PP) that would also hold an IPO [next year], said the ministrys official in charge of business restructuring and development Aloysius Klik Ro over the weekend as reported by tribunnews.com.
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