Indonesia: Waskita Beton Precast to go public, offers up to 40% shares 

PT Waskita Beton Precast, a subsidiary of state-owned construction firm PT Waskita Karya Tbk (WSKT), is aiming to offer 30 per cent to 40 per cent shares in an initial public offering (IPO) in August or September. The firm estimates proceeds from the offering to range between Rp3.5 trillion ($262 million) to Rp4 trillion ($300 million), which will be used to support future expansions of Waskita Beton.