State investment and construction firm PT Pembangunan Perumahan Tbk (PTPP) plans to launch the initial public offering (IPO) of its 3 units in the fourth quarter (Q4) this year. That 3 units are PT PP Peralatan, PT PP Urban, and PT PP Energi. PTPP expects to raise Rp7 trillion from this IPO. PTPP also plans to issue bonds worth Rp2 trillion in Q4. PTPP booked new contracts of Rp12.6 trillion in Jan-May 2017, a 77% jump compared to Rp7.1 trillion contract value in the corresponding period of 2016. PTPP targets to book new contracts of Rp40.6 trillion for this year.
