The Duck King Restaurant.

JAKARTA (TheInsiderStories)— Restaurateur PT Jaya Bersama Indo, famous for its Duck King outlets, planned to conduct initial public offering (IPO) this year.

The company’s Finance Director and Corporate Secretary of Jaya Bersama Indo Dewi Tio on Tuesday (08/05) said the IPO will take place as soon as an approval from Indonesia’s Financial Services Authority.

The company is established in 2003 and currently operates 31 restaurant outlets under several brands namely The Duck King, The Grand Duck King Signatures, The Grand Duck King, and Imperial Chef. The company also recently acquired four Fook Yew outlets.

The company plans to open new five outlets in Karawaci, Bekasi, Cibubur, Jakarta, and Makassar. An outlet in Makassar will open in September or October this year with a joint venture concept.

Furthermore, Jaya Bersama will expand to Vietnam due as the company’s restaurants offer menus that could be easily accepted by Vietnamese people.