LION Group, the parent company of Lion Air, is aiming to raise about 10 trillion rupiah, or US$821 million (RM2.6 billion), by selling a 30 per cent share in the company through an initial public offering (IPO) in 2016, after President Joko Widodo (Jokowi) gave his blessings to its plan to develop a new airport in Banten province not far from Indonesias capital.
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