TABLE: Strategy 5: Going Public
COMPANY COUNTRY STRATEGY REVENUE
TELKOM INDONESIA This state-owned company is $1.8 BILLION
INDONESIA raising more than $1 billion up 30%.
of equity in Jakarta, New York,
and London as part of the
government's privatization drive.
CHINA TAIWAN Once a sleepy state enter- $2.9 BILLION
STEEL prise, this well-run company up 34%
has been privatized in a major
bid to take on the global competition.
BIMANTARA INDONESIA This company--with holdings $272 MILLION
CITRA ranging from a private TV down 0.6%
station to a plastics maker
--went public in July to
prepare for competition.
ELECTRICITY THAILAND Spun off from the state $137 MILLION
GENERATING CO. utility, EGCO expects to NA
operate more efficiently
because management has more
flexibility than its parent.
CDL SINGAPORE This growing hotel and resort $351 MILLION
conglomerate is giving regional up 72%
responsibility particularly in
segments of the business
that have gone public.