Tuesday, November 27, 2007

Government Prepares IDR306 Billion for Adhi Karya

Indonesian government has allocated IDR306 billion to execute its rights during the rights issue of PT Adhi Karya Tbk in the second quarter of 2008. The SOE Minister Sofyan A. Djalil said the money has been from interim dividend from some SOEs.

The government will execute the right to maintain its ownership at Adhi Karya. Adhi Karya has postponed its rights issue plan from quarter IV 2007 to quarter II 2008. Adhi Karya has targeted to get IDR600 billion from the rights issue. The company has prepared the capital expenditure of IDR40 billion in 2008.

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