JAKARTA (TheInsiderStories) - PT WIKA Realty, the developer under PT Wijaya Karya Tbk (IDX: WIKA), has been appointed as to become the holding company (HoldCo) of the government-owned hotels, said the official on Tuesday (12/29). The designation is indicated by the signing of the share purchase agreement between the company wiht other state-owned firms (SOEs).
The parties are PT Aero Wisata, a subsidiary of PT Garuda Indonesia Tbk (IDX: GIAA), PT Hotel Indonesia Natour, PT Pegadaian, and PT Patra Jasa, a subsidiary of PT Pertamina. The deputy minister for SOEs, Kartika Wirjoatmodjo, stated the deal is a follow-up to the joint memorandum of understanding on the Hotel Business Consolidation Plan which was signed in September 2020.
In addition, he explained, it was also designed in accordance with the efficiency plan, downsizing the number of SOEs, running and supporting the government programs in the tourism sector. He adds, 22 hotels will be consolidated in the formation of new HoldCo, which is 11 hotels belonging to Hotel Indonesia Natour, one hotel owned by Aero Wisata and Patra Jasa, also nine hotels owned by Pegadaian. While, WIKA Realty currently manages seven condotels.
The SOEs minister, Erick Thohir, has said he wants to lessen number of state companies not more than 42 in 10 years period, through the consolidation and downsizing the subsidiaries and other units. Currently, the ministry managed 142 SOEs with 800 subsidiaries separating in 27 clusters.
“In several years we will try to slices the number of SOEs under 14 cluster, so each vice minister only manages seven to eight clusters,” he told media in April, 2020.
In January, Thohir has stated, his ministry prepared five blueprints to balance the economic and social values can be well exposed. Later on, he continued, there will be a mapping, which is heavy in cooperation, companies with large assets but large public services such as PT Bank Rakyat Indonesia Tbk (IDX: BBRI) and power producer, PT Perusahaan Listrik Negara.
“Companies that are not clear we will be merged or liquidated,” he shouted.
He gave an example, in June, the ministry will finalize hospital cluster under the SOEs. The ministry also considered to creates mining cluster, transportation cluster, hospitality cluster, manufacturing cluster, and others.
“To manage the Rp8,200 trillion (US$581.86 billion) assets, I need teamwork, which is filled with people who are not only smart but also good morals,” said the minister.
US$1: Rp14,100
Writtn by Editorial Staff, Email: theinsiderstories@gmail.com
