Indonesian state-owned company PT Wijaya Karya Tbk (WIKA) has announced plans to offer 9-10 per cent of shares held by the government through shares placement, as well as issuing a Rp6 trillion bond this year. At the same time, Huawei through its local unit will become PT Bakrie Telecom Tbk (BTEL)‘s new shareholder through a bond conversion worth Rp 1,23 Trilion ($93.2 million) or equivalent to 9 per cent of shares.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
