Property developer PT Sentul City is seeking external financing totalling 600 billion rupiah ($49.22 million) for its 2014 capital expenditure of 1 trillion rupiah, said Investor Relations Officer Michael Tene.
The firm also plans to acquire a 35 percent stake in PT Bukit Jonggol Asri, owned by PT Bakrieland Development . (Kontan)
Note: Reuters has not verified this story and does not vouch for its accuracy.
$1 = 12190 rupiah Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu