PT Avia Avian Tbk (IDX:AVIA) is looking for mergers and acquisitions. Robert Tanoko, Operations and Development Director said, "Our working CapEx is low, accounting for only around 2% of sales. Thanks to our ability to generate higher level of cash and low working CapEx, we have a solid free cash flow.

This gives us confidence to commit a dividend payout of at least 50% of our net income. It is important to note that we will continue to pursue mergers and acquisitions".