TPIA – Subsidiary planning to conduct IPO

TPIA – Subsidiary planning to conduct IPO Chandra Asri Pacific (TPIA) is diversifying the company’s infrastructure development business through its subsidiary, Chandra Daya Investasi (CDI), which is planning to conduct an IPO. TPIA believes that the growth of the infrastructure development business will support the company's core business, namely petrochemicals. Note that, CDI runs jetty, electricity and water infrastructure. CDI has managed one of the Gas Turbine Combined Cycle Power Plants in Indonesia. CDI also has a 200 MW eco-friendly power plant JV with Posco International and runs an intermediary tank leasing and integrated dock management service based in an industrial estate in Java. (Source : Bisnis Indonesia)