PT Graha Andrasentra Propertindo plans an initial public offering in January, 2016, to raise MYR 300 billion, Kontan newspaper reported, quoting Agus Jayadi Alwie, Director of PT. Bakrieland Development Tbk (JKSE:ELTY), parent of Graha Andrasentra. Graha Andrasentra plans to sell 10% of stake and has appointed Danatama Securities as underwriter, the report said.