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affinity-equity-partners-acquires-21-stake-in-sido-muncul

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....

viva-to-sell-its-shares-to-reliance-capital-international

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....

indonesias-mega-corpora-officialy-hold-73-71-shares-of-bank-harda

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....

sritex-appoints-helios-capital-for-debt-restructuring

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....

why-the-grab-gojek-ride-was-not-meant-to-be

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....