JAKARTA. PT. Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) releases 21% share to Affinity Equity Partners. The share acquisition was carried out through crossing transactions in the negotiation market on Wednesday (2/3) with an estimated value of IDR 4.54 trillion. Sido Muncul President Director David Hidayat explained that the strategic partnership between Affinity and....
PT Visi Media Asia Tbk (VIVA) plans to sell 15,294,059,976 shares or 39% of total issued and paid-up capital in PT Intermedia Capital Tbk (MDIA) to Reliance Capital International Limited (RCIL). From the company’s brief prospectus quoted on Thursday (4/2), the sale of shares was carried out in order to settle debts (Senior Facility and....
JAKARTA (TheInsiderStories) – Indonesian tycoon, Chairul Tanjung, through is financial armed, PT Mega Corpora, has officially hold 73.71 percent of PT Bank Harda Internasional Tbk (IDX: BBHI), the management announced today. The company bought the local lender shares from the existing shareholders, PT Hakimputra Perkasa with costs around Rp308.44 billion (US$21.42 million). Both parties have signed a share....
April 3, 2021, 3:33 PM GMT+7 Indonesia’s biggest listed clothing firm Sri Rejeki Isman has appointed Helios Capital and Assegaf Hamzah & Partners to represent the company in its debt restructuring process, according to a statement on Saturday. The company, known as Sritex, has been trying to extend a dollar loan’s maturity by two years to January....
IT has been close to a year since reports of merger negotiations between South-east Asia’s decacorns Grab and Gojek first surfaced. At first glance, the deal made sense. Both firms were haemorrhaging cash in a bid to outdo the other in Indonesia. Investors on both sides appeared to be pushing for a truce. But the ride....
GoTo Group, Indonesia’s biggest tech firm, said it plans to raise US$1.1 billion in an initial public offering (IPO), pricing the deal in the top half of its indicative range and making it one of Asia’s biggest IPOs so far this year. GoTo, formed last year by the merger of ride-hailing-to-payments firm Gojek and e-commerce....
JAKARTA – PT Wir Asia Tbk (WIRG), a digital reality-based company, has ended its initial public offering period to be listed on the Indonesia Stock Exchange (IDX). As a result, the company’s share price is set at IDR 168 Citing the company’s offering document, Tuesday, March 29, WIR will issue 2.3 billion shares, equivalent to....
JAKARTA – Bank Mandiri together with Bank BJB and Bank Sulselbar confirmed their commitment to encourage the acceleration of domestic mineral downstreaming. This was realized through the signing of the Syndicated Credit Agreement for the Term Loan Facility to PT Ceria Metalindo Prima (CMP) which is part of PT Ceria Nugraha Indotama (CNI) Group with....
JAKARTA – The law enforcement over monopolistic practices and unhealthy business competition will be reinstated starting May 1, 2022, after almost two years of relaxation. KPPU issued the relaxation of law enforcement in order to help restore the economy amidst the COVID-19 pandemic. In a press release quoted Thursday (7/4), Ukay Karyadi, Head of Indonesia....
JAKARTA. PT Murni Sadar Tbk (MTMH), the managing company of Murni Sadar hospital network, has fixed its share price for the initial public offering (IPO), amounting to IDR 1,280 per unit. Proceeding with this price, MTMH will potentially gain fresh funds of up to IDR 325.15 billion from the IPO. For the record, the issued....