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Pelindo II urged to increase shares in JICT: Dahlan
The State-Owned Enterprises Ministry has urged bankable state-run port operator PT Pelabuhan Indonesia II (Pelindo II), also known as the Indonesian Port Corporation (IPC), to increase its shares in PT Jakarta International Container Terminal (JICT)
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he State-Owned Enterprises Ministry has urged bankable state-run port operator PT Pelabuhan Indonesia II (Pelindo II), also known as the Indonesian Port Corporation (IPC), to increase its shares in PT Jakarta International Container Terminal (JICT).
"We support Pelindo II's plan to renegotiate the JICT contract, but it has to increase its shares to above 51 percent so that it becomes the major shareholder," State-Owned Enterprises Minister Dahlan Iskan said in Jakarta on Thursday, as quoted by Antara news agency.
He said that Pelindo II would be able to further increase its revenue by increasing its shares in the JICT.
The JICT is a joint venture between Pelindo II and Hong Kong-based Hutchison Port Holding (HPH) Group, established in 1999.
The HPH holds a 51 percent share in the company while Pelindo holds 48.9 percent of shares.
The remaining 0.1 percent belongs to Koperasi Pegawai Maritim, or the Maritime Employee Cooperative.
The former state electricity firm president director also said that he wanted the two companies to carry out the renegotiation process immediately. (nfo)
