Feathering Garuda’s Nest
Garuda plans an initial public offering of 30 percent of its shares in February next year. This will go ahead despite criticism of its lackluster performance. What about its financial position?
December 1, 2010
EXACTLY at 8:30am, a top-level team of Bank Mandiri arrived at the office of the Minister of State-Owned Enterprises (SOEs) on Jalan Merdeka Selatan, Jakarta, on Thursday last week. Under CEO Zulkifli Zaini, the management of Mandiri met with SOEs Minister Mustafa Abubakar and Deputy for Services Parikesit Suprapto.
The topic brought by Zulkifli and his party was in fact the plan for Mandiri’s rights issue. But there was an important agenda d
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