Marco Polo Marine to list subsidiary in Indonesia
Marco Polo Marine has proceeded with its listing plan for its 49%-owned subsidiary PT Pelayaran Nasional Bina Buana Raya (BBR) on the Indonesian Stock Exchange, Seatrade Asia online reports.
Singapore-listed Marco Polo Marine advised that BBR has submitted the IPO registration to the Indonesian Capital Market and Financial Institutions Supervisory Agency.
The intention of the listing in Jakarta is to make BBR a financially self-sustaining enterprise by becoming a public company.