Wijaya Karya (Wika) Bangunan Gedung, subsidiary of state construction firm Wijaya Karya (WIKA) plans to launch the initial public offering (IPO) in November this year, targeting to raise Rp2-3 trillion, Investor Daily reported this morning. In 2016, Wika Gedung booked net profit of Rp143 billion on revenues of Rp1.93 trillion. Its assets reached Rp2.03 trillion while liability amounted Rp1.38 trillion.
