JAKARTA (Yosefardi) – PT Wika Gedung, subsidiary of state construction firm PT Wijaya Karya Tbk (WIKA), targets new contracts of Rp5 trillion this year, compared to Rp4.4 trillion last year.

Wika Gedung booked new contractd of Rp2.2 trillion last year. WIKA plans to launch the initial public offering (IPO) for Wika Gedung, likely next year.

Wika Gedung expects to raise Rp1.5 trillion IPO proceeds. Wika Beton mulls to offer maximum 30% shares of Wika Beton.

As at September 2015, WIKA’s assets reached Rp1.19 trillion and equity of Rp152.69 billion.