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Adhi Karya to Cut All Subsidiaries
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BP BUMN asks Adhi Karya to cut subsidiaries in transformation.
Adhi Karya is cutting all its subsidiaries for efficiency.
To Accelerate Its Streamlining Agenda, Adhi Karya Will Cut All Subsidiaries. Photo: iNews Media Group.
PT Adhi Karya (Persero) Tbk will cut all of its subsidiaries, which currently number 18 entities, due to frequent problems.
The State-Owned Enterprises Management Agency (BP BUMN) and Danantara are promoting the transformation of PT Adhi Karya (Persero) Tbk (ADHI) and its subsidiaries. Danantara hopes ADHI can simplify its business structure.
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