PT Wijaya Karya Beton Tbk, an Indonesian pre-cast concrete producer, plans to spend up to 600 billion rupiah ($51.17 million) in capital expenditure next year, mostly to finance construction projects said Finance Director Entus Asnawi.

The firm, in cooperation with its parent, PT Wijaya Karya Tbk, is finalising a deal to acquire an 80 percent stake in concrete maker PT Citra Lautan Teduh for $23.5 million.

[Read original article here | Courtesy of Daily Mail.]