The subsidiary of PT Surya Semesta Internusa Tbk (SSIA) is engaged in general contractor services, PT Nusa Raya Cipta (NRC) this year to go public by releasing 20 to 30% of NRC share capital. In a press release of SSIA on Monday, it said NRC planned to release its new stake to strategic investors and also to the public through a public offering process (go public).
Currently, the NRC is preparing to go public which is planned to use the book as of December 31, 2012. NRC won a new contract of Rp700 billion in early 2013, while in 2012 for 12 months the NRC has secured a new contract of around Rp2.5 trillion. For 2012, the NRC expects to book revenues of Rp2 trillion, an increase of 26% compared to its 2011 operating income.
While contract on hand as of December 31, 2012 is estimated there are still about Rp2 trillion. Large-scale projects that have been completed by NRC in 2012 include Cosmetic Pharmaceutical Factory in Klaten (Central Java), Alam Sutera Office Tower Serpong (Tangerang), Ciputra World I Jakarta (JO Jakon-Tata-NRC), Thamrin Executive Residences Jakarta , Blue Green Office Building Jakarta, Tentrem Hotel Jogyakarta, Cibitung Bread Factory, Mall @ Alam Sutera Serpong, Royal Mediterranean Residences Jakarta, and Thamrin Executive Residences.