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Three BUMN shall be Privatized Next Year
September 06th 2011
 

There are three  BUMN  are going to prepare an initial public offering process in preparation for going public. According to the  information circulated outside is PT Semen Baturaja, the cement industrial enterprises in the southern Sumatra. The company is a joint venture between PT Semen Gresik  hold 45 percent shares and  PT Semen Padang hold  55 percent shares with the status of Independent Investment, on 14 November 1974. On 9 November 1979, its status changed to Limited.
Then the composition changed to 88 percent of shares owned by the government, 7 percent of PT Semen Padang and PT Semen Gresik 5 percent. Since 1991 the government owns 100% shares in PT Semen Balfour.

Estimate of shares shall  be released through the IPO is 30% with a target of achieving a fund of Rp 1 quintillion. It’s  fund shall be used for plant development, the white cement business, and increase market, and increase production to 1.5 million-2 million tons a year.
 
 
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Latest News Weekly
16/08/2013
Revision of the Minister of Agriculture Regulation No. 26/2007 regarding Plantation Business Permit
05/07/2013
LexRegis Trip to Pari Island
18/06/2013
Seven Important Points of BKPM Regulation No. 5/2013
31/05/2013
Removal of Data Center
28/12/2012
Merry Christmas 2012 & Happy New Year 2013
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