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Follow us on Business The State Enterprises Ministry has announced plans to soon merge 15 state plantation firms under one holding company in efforts to ease efforts to seek funding. With more than a dozen of those companies standing on their own, we'
Indonesia said on Wednesday it was scaling back plans to float several state-owned companies on the stock market, and would carry out just one initial public offering (IPO) in 2011. "This year we will launch only one state-owned company in an IPO,"