State-owned Enterprises (SOEs) in construction sector, PT WIJAYA KARYA (Persero) Tbk. (WIKA) , is working on the scheme in stock release to public (IPO) for  two subsidiaries, PT Wijaya Karya Realty and PT Wijaya Karya Gedung. The IPO for WIKA’s subisidiaries planned to be performed in two stages.

Corporate Secretary Wijaya Karya, Suradi Wongso, explain that the company will release stock of  one subsidiary on this year. Then,  stock of one another subsidiary will be released on 2017.”  So, WIKA are still determined which subsidiary stock is more profitable to be released early ” He said to Tempo, yesterday.

Suradi said, the stock that will be released of each of these subsidiaries for about 30 Percent. From corporate action, the company targeted to get  fresh funds worth Rp 1 Trillion. These funds will used to expand business expansion.” This is still examined, ” he said.