Jakarta - PT Krakatau Steel Tbk considers increasing the share ownership of the public by releasing 10% of its rights issue shares.

"Currently, only 20% of KS public shares have been issued, so there is still an opportunity to add 10% to public shareholders," said KS Corporate Secretary Pria Utama through information disclosure on Wednesday (8/12).

The plan received approval for the privatization from the country's Parliament DPR RI on September 19, 2009, and PP No. 67 dated October 4, 2010, which states that KS to carry out the privatization through an IPO in stages of a maximum of 30%.

In addition, KS is committed to fulfilling its debt obligations to creditors, which are part of the company's restructuring process. The company will pay debt payments due in December through the sale of shares in the Krakatau Sarana Infrastruktur (KSI) sub-holding.

Krakatau Steel's Finance Director, Tardi, said that currently, two bidder