"I have heard that four state enterprises are ready to conduct initial public offerings (IPOs) in 2011," Fuad Rahmany, the head of the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), said.
But this was only preliminary information and the final say would have to come from the state enterprises ministry and the coordinating ministry of economic affairs, he said.
Fuad said he was hoping that in 2011, a greater number of companies would go public than last year when 23 companies got listed at the Indonesian Stock Ecchange (BEI).
"We do hope more companies will go public this year," he said.
He said his agency was continuously encouraging companies with solid potentials to go public so as to become even better performing ones.
It was earlier reported that among the four state enterprises ready to go public is PT Garuda Indonesia Airlines while the state enterprises ministry was studying the posssibility of divesting shares from PT Semen Baturaja through an IPO.
A state enterprises ministry leadership meeting recently decided to divest four state owned companies by selling their shares to the public in 2011. (*)
Editor: Heru Purwanto
Copyright © ANTARA 2011
