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Capital Markets

Falling stock market forces Wijaya Karya unit to delay IPO

Investors pull out of local markets due to rising U.S. interest rates

Wika Realty, subsidiary of Wijaya Karya, declined to comment on when the IPO has been rescheduled to.

JAKARTA -- Wika Realty, subsidiary of state-owned contractor Wijaya Karya, has postponed its initial public offering because of the volatile market.

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