{
    "success": true,
    "data": {
        "id": 1054486,
        "msgid": "pasaraya-nusakarya-to-go-public-soon-1447893297",
        "date": "1996-05-09 00:00:00",
        "title": "Pasaraya Nusakarya to go public soon",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Pasaraya Nusakarya to go public soon JAKARTA (JP): PT Pasaraya Nusakarya, a retail company owned by the ALatieF Corporation, is to offer its shares to the public through the Jakarta Stock Exchange to raise funds of over Rp 100 billion (US$42 million) to finance an expansion project.",
        "content": "<p>Pasaraya Nusakarya to go public soon<\/p>\n<p>JAKARTA (JP): PT Pasaraya Nusakarya, a retail company owned by<br>\nthe ALatieF Corporation, is to offer its shares to the public<br>\nthrough the Jakarta Stock Exchange to raise funds of over Rp 100<br>\nbillion (US$42 million) to finance an expansion project.<\/p>\n<p>\"We are going to open new outlets in Jakarta and other big<br>\ncities, including Bandung in West Java, Surabaya in East Java and<br>\nUjungpandang in South Sulawesi next year,\" the company's<br>\npresident, Usman Ja'far, said yesterday.<\/p>\n<p>Usman explained that the government-owned PT Bahana<br>\nSecurities, will manage his company's share issuance, which is<br>\nstill subject to approval from the Capital Market Supervisory<br>\nAgency.<\/p>\n<p>Pasaraya Nusakarya, according to Usman, booked Rp 250 billion<br>\nin total sales last year, compared to Rp 196 billion in 1994 and<br>\nRp 133 billion in 1993.<\/p>\n<p>\"Our profits increased from Rp 14 billion in 1994 to Rp 18<br>\nbillion last year,\" Usman said.<\/p>\n<p>Pasaraya Nusakarya, which was established 22 years ago under<br>\nthe name of Sarinah Jaya by Abdul Latief, presently the minister<br>\nof manpower, now has two department stores -- Mega Pasaraya Blok<br>\nM and Pasaraya Sultan Agung. Both are in Jakarta and have a<br>\ncombined floor area of 130,000 square meters.<\/p>\n<p>\"Total investment in the two department stores has exceeded Rp<br>\n470 billion, 35 percent of which is equity,\" Usman said.<\/p>\n<p>Usman also confirmed that Pasaraya Nusakarya is 100 percent<br>\nowned by the ALatieF Corporation.<\/p>\n<p>\"Pasaraya Nusakarya has a stake in PT Pasaraya Toserajaya<br>\nwhich is also owned by three state-owned companies, PT Taspen, PT<br>\nAstek and PT Jasaraharja.<\/p>\n<p>\"So, it's now clear that no state-owned companies have shares<br>\nin Pasaraya Nusakarya.\"<\/p>\n<p>Pasaraya Toserajaya is a property company which owns the<br>\nbuildings of Pasaraya Nusakarya's department stores. (alo)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pasaraya-nusakarya-to-go-public-soon-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}