Jakarta (ANTARA) - State Enterprises Minister Mustafa Abubakar said four state-owned companies (BUMNs) were expected to be able to go public next year. "We are pushing for more BUMNs to sell their shares in the domestic market. While the momentum for it is expected to be good, going public is also one of the options for improving their performance," Mustafa Abubakar said after leading an independence day ceremony at his office here on Wednesday. He said four BUMNs which are expected to be able to conduct an initial public offering next year are PT Semen Baturaja, PT Pegadaian, one of PT Pertamina's subsidiary (PT Tugu Pratama) and one of PT Krakatau Steel's subsidiary. "They have a chance to conduct an IPO next year. They have already made preparations so that they would only find the right time for it," he said. He said PT Semen Baturaja had received an approval for IPO from the House of Representatives (DPR) but "because its preparations have not yet been finished and because market conditions are still being affected by global economic uncertainties the company's IPO is likely to be done next year." PT Garuda Indonesia was the only state-owned company that listed at the Indonesia Stock Exchange (BEI). Seeing the good prospects next year Mustafa also encouraged state-owned companies that had already gone public to conduct rights issue. "We are directing PT Bank BTN Tbk., and PT Kimia Farma Tbk. to conduct rights issue and have also asked PT Garuda Indonesia and PT Krakatau Steel Tbk. to study the opportunity for it," he said.

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Editor : Chandra Hamdani Noer


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