JAKARTA (Yosefardi) – State construction firm PT Wijaya Karya Tbk (WIKA) is set to inject capital of Rp200 billion to its subsidiary PT WIKA Gedung this year.

WIKA allocates its capital expenditure (capex) of Rp10.6 trillion for this year, plus the government capital placement of Rp4 trillion. WIKA plans to launch the initial public offering (IPO) of its unit PT Wika Realty or PT Wika Gedung.

WIKA targets to book new contracts of Rp5 trillion from building construction project this year.