Wismilak Inti Makmur, Pt plans to sell 30% stake in Wismilak in an initial public offering later in 2012, Bisnis Indonesia reported citing Surjanto Yasaputera, spokesman of Wismilak. Surjanto Yasaputera said, "We are now in a preliminary stage for the IPO; but we expect to launch it later this year." Surjanto Yasaputera also said in the report that Wismilak will market shares in Singapore, Hong Kong and Malaysia and it will list in Indonesia.