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% managers decision-making responsibility particularly in segments of the business that have gone public.
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