JAKARTA (Yosefardi) – PT Sanken Argadwija and PT Riyadh Group Indonesia plans to launch the initial public offering (IPO) in 2015, Investor Daily reported this morning.
Sanken needs to raise funds for expanding its production facility and building new factory/plant. It produces electornic products.
Property developer Riyadh Group Indonesia targets to launch IPO by late 2015, to raise fund for business expansion. The company, based in Padang (West Sumatra).
In Jakarta, Riyadh, through unit PT Graha Rayhan Tri Putra, is working on Pancoran Riverside with investment cost of Rp1 trillion.
PT Riyadh Indonesia and PT Adhimix Precast, through property developer PT Buana Sabas Fattah (Busafa) is optimistic to complete the construction of Sudirman residential, hotel and condominum project, in September 2015. The project costs Rp350 billion.