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Indonesia's Sinar Mas planning Singapore IPO of up to US$800m: WSJ

Friday, November 11, 2016 - 09:16

[SINGAPORE] Indonesia's Sinar Mas Group, the Widjaja family's energy-to-banking conglomerate, is planning to list power assets in an initial public offering of up to US$800 million (S$1.13 billion) in Singapore, in what could be the country's biggest IPO in four years, according to the Wall Street Journal.

The group is planning to bundle the assets into a business trust and launch the IPO in the first half of 2017, said the Journal, quoting people familiar with the matter.

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