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pizza-hut-indonesia-gets-listed-on-idx

Sarimelati Kencana, also known as Pizza Hut Indonesia, has listed around 604 million new shares from Initial Public Offering (IPO) on the Indonesia Stock Exchange on Wednesday (05/23). The company’s stock code is PZZA. The company’s public offering was conducted on May 17-18, 2018, and the allotment period on May 21, 2018. With the offering....

kdb-seeking-ma-in-indonesia

Government-owned Korea Development Bank (KDB) is seeking M&A with Indonesian financial firms to expand its presence in Southeast Asia, according to an industry source. The development bank is reportedly interested in an Indonesian financial firm offering various financial services, including leasing, consumer financing and credit card financing, with Deloitte Korea as its agent. The source....

softbank-will-inject-capital-for-fisheries-start-up-aruna

JAKARTA – Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan stated that SoftBank, a Japanese technology company, is ready to invest in a number of new startups in Indonesia. One of them is a startup in the field of fisheries, Aruna. According to Luhut, he had discussed it with SoftBank CEO Masayoshi Son when they....

ocbc-mulls-bid-for-control-of-indonesias-bank-permata

Oversea-Chinese Banking Corp. is weighing a bid for Standard Chartered Plc’s Indonesian bank, people with knowledge of the matter said, a move that may create the country’s fifth-largest lender. The Singaporean bank is considering an offer for almost 90% of PT Bank Permata, which has a market value of about $1.9 billion, said the people, asking not....

bca-will-acquire-another-bank-to-merge-with-bank-royal

JAKARTA. The management of PT Bank Central Asia Tbk (BBCA) confirmed that they are still looking for one more bank to merge with Bank Royal, which was previously acquired. According to the bank’s Business Plan (RBB), BCA plans to acquire two banks. So far, they have only acquired one bank, PT Bank Royal Indonesia. BCA....

amazon-in-talks-for-stake-in-indonesias-ride-hailing-startup-gojek

Amazon.com is in early talks with Gojek to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday (Aug 28). Details of the stake were not known and the source did not want to be identified as the talks are private. Both Amazon and Gojek did not respond....