Waskita Karya Continue 10 Toll Divestment Plans With Different Schemes

INDUSTRY.co.id - Jakarta - PT Waskita Karya Tbk (WSKT) is still eager to sell ownership of 10 tolls with a new strategy. President Director of the company M. Choliq said the divestment plan of PT Waskita Toll Road will still be continued although it will be carried out under a different scheme, using one on one scheme or direct offer.

"So two weeks ago the divestment, the program is still running but that failed through the tender mechanism has been close.Followed search partner one on one come Waskita directly," said Choliq in Jakarta, Monday (18/09/2017).

According to Choliq, although the scheme was changed but investors still showed interest in participating in the scheme. Including PT Jasa Marga Tbk and PT Astra International Tbk (ASII) through its subsidiary PT Astratel Nusantara.

They are still interested in 10 WSKT ownership such as in Kanci - Pejagan, Pejagan - Pemalang, Pemalang - Batang, Batang - Semarang, Solo - Mantingan - Ngawi, Ngawi - Kertosono, Pasuruan - Probolinggo areas. The other three sections are Bekasi - Cawang - Kampung Melayu toll road, Medan - Kualanamu - Tebing Tinggi, and Kayu Agung - Palembang - Betung.

In addition to this direct offer scheme, WSKT is also preparing a sales scheme with an initial public offering (IPO). From this IPO scheme, the company will cooperate with JSMR as well as move on its own.

"So there are three strategies: First strengthening the position of Trans Java Toll Road Waskita and after being strengthened later divested, can through strategic, can through IPO, IPO or IPO with Jasa Marga," said Choliq.

According to Choliq, this IPO process will still await the decision of JSMR to move forward. However, if it comes to the time already targeted and there is no decision from JSMR then the company will go forward for its own IPO.

"So there are 2 factors, time and suitability, at the end of the first semester of next year iu positive, it has settled its IPO fund already in. IPO itself what is JSMR, depending on if Jasa Marga can run fast, but if not fit us, " he said.