INDONESIA
<i> Times Staff and Wire Reports</i>
Steel Firm Will Reportedly Sell Shares: Indonesia’s state-owned PT Krakatau Steel plans to offer about 35% of its shares to the public no later than next year to raise about $400 million to $500 million, news reports said. The funds will finance the development of a new steel plant, business publication Kompas reported. The report said the company is seeking cooperation from Japanese, South Korean and Australian companies to build the plant.
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