Prepare Budget From Release Of Shares To The Public, Wulandari Laksana Incar Bisnis Properti At IKN

Photo: Doc. Antara/PT Wulandari Bangun Laksana Tbk

PT Wulandari Bangun Laksana Tbk (BSBK) is ready to seize opportunities for the property business in the area around the State Capital (IKN) of the Archipelago following the company's plan to soon enter the Indonesia Stock Exchange (IDX) in the near future.

"The transfer of IKN is really the right momentum as well as a golden opportunity for us developers, in increasing the potential of the property business in the Balikpapan area, especially our area of Balikpapan Super Block (BSB)," said BSBK Operations Director Tjia Daniel Wirawan in a statement quoted by Antara, Friday, November 4.

The government has started the physical construction of the new capital city of IKN Nusantara in North Penajam Paser, East Kalimantan. The target is that by 2024 there will be a transfer for government offices and several service functions have been carried out in stages, until later all government offices are moved to new areas.

At least around 500 thousand civil servants (PNS) of ministries and institutions will be moved to the IKN area in the early stages of development, namely the 2022-2024 period.

This is in line with the main infrastructure development such as the presidential palace, the DPR/MPR building and housing in the early stages of IKN development.

Then, in the next stage, namely the 2025-2035 period, the next phase of the city will be developed such as the center of innovation and the economy, and complete the transfer of the IKN government center.

In addition, the development of priority economic sectors, implementation of incentive systems for priority economic sectors, and achievement of sustainable development goals will also be carried out during that period.

Tjia said that the company is building property in a strategy location with complete facilities so that it is expected to be an attraction for investors to invest in the area.

"Apart from having an interesting and different concept from its predecessor, our property also stands in the city center with a very strategic location, close to shopping centers, offices, entertainment and other necessities of life. Apart from the strategic location, which is to stand in the Balikpapan Super Block area, the developer also supports other facilities," said Tjia.

Wulandari Bangun Laksana is currently conducting an initial public offering on November 2-4, 2022. The company is scheduled to take the floor on the stock exchange on November 8, 2022.

For information, Wulandarai Laksana released 2.75 billion shares or 12.09 percent of the company's issued and paid-up capital after the IPO. With an initial price of IDR 100, the company has the right to reap IDR 275 billion in funds.

The plan is that as much as Rp. 100 billion from the IPO proceeds will be used by the company to purchase approximately 1.2 hectares of land in South Balikpapan District, Balikpapan. The rest is for working and operating capital.