Friday, March 3, 2017

Two units of Angkasa Pura I will go IPO in 2018

State-owned airports operator PT Angkasa Pura I (AP I) intend to offer shares of two of its subsidiaries to the public in 2018. The two units that wants to offer its shares to the public that PT Angkasa Pura (AP) and PT Angkasa Pura Logistic Support (AP Logistic), currently assets of each company is around Rp 150 billion. He added, funds that will be collected will be used for the business activities of both the subsidiary. AP provide supporting tools such as xray, tools, metal detector, car fire engines. While, AP Logistic now has cargo capacity about 100 thousand tons per day in Surabaya. AP Logistic business range will be expanded to Papua province and its expecting can manage 50 tons per day.