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25th April, 2013

A subsidiary of Surya Semesta will IPO this year

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One entity subsidiary PT Surya Semesta Internusa Tbk (SSIA) engaged in general contracting services, namely PT Nusa Raya Cipta (NRC) is currently preparing a public company. IPO (initial public offering / IPO) is planned to be conducted in 2013. In a statement today, the company will release some of the subsidiary shares to strategic investors through the IPO mechanism, the number of shares released between 20-30 per cent of the share capital NRC. The book will be used to carry out an IPO is the end of December 2012. The reason for the company release some of the shares of its subsidiary due to see positive growth prospects in this year’s construction services.

Earlier this year, NRC won new contracts amounting to Rp 700 billion, while the total of new contracts won in the last year reached Rp 2.5 trillion. Of a new contract last year, the company expects to record a revenue of Rp 2 trillion, up 26 percent over the previous year. Projects currently being worked NRC, including Apartment Ciputra World II in the Mega Kuningan area, project milestones palimanan Cikampek toll road along the 116 kilometer (km) with a value of Rp 7.7 trillion. In this toll road project, the NRC conduct a joint operation with PT Karabha Gryamandiri. This project will be started this month and completion is expected to take 30 months. While the number of projects that will be completed at this year, including PKV Mayapada Hospital, Jakarta; The Rimba Hotel Jimbaran, Bali; Malang City Point, unfortunate; Grand Metropolitan, Bekasi and the Crowne Hotel, Bandung.

source : http://ekbis.sindonews.com/read/2013/02/05/32/714494/anak-usaha-surya-semesta-akan-ipo-tahun-ini