Friday, July 27, 2012

Express Taxi & Waskita Karya plans IPO this year

PT Express Transindo Utama, operator of Express taxi, is planning to conduct initial public offering this year and pick PT Mandiri Sekuritas as underwriter.

PT Express Transindo Utama will conduct mini expose, today (7/27/2012), The fund will be use to add armada, potentiallt to focus on premium taxi. The company will conduct IPO in the fourth quarter, he continued. The unit of Rajawali Corpora is eyeing IDR500 billion by releasing 20% shares.

On a separate occasion, PT Waskita Karya might conduct IPO in November 2012 at the fastest. The company is currently waiting for government’s approval and regulation regarding its status as state-owned company, after restructuring process by PT Perusahaan Pengelola Aset.

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