PWON – A IDR121.7 bn land acquisition in Semarang

PWON – A IDR121.7 bn land acquisition in Semarang Pakuwon Jati (PWON) through its subsidiary, Pakuwon Permai, has purchased 52k ha of land worth IDR121.7 bn in Semarang, Central Java. The area will be developed into a superblock area (malls, hotels and apartments). The development plan of the area will strengthen the revenue growth base derived from recurring and development income and cash flow for the coming years. (Source: IDX Channel)