Sinar Eka Selaras Tbk (ERAL)has raised its ownership portion in a joint venture (JV) established alongside JD Sports Fashion Plc. (JD UK). Badar Teguh Mancik Alam, Corporate Secretary of ERAL, confirmed that there are 2 JVs taken over by the company, namely PT JDSports Fashion Indonesia (JDFI) and PT JDSports Fashion Distribution (JDFD). ERAL has...
Solusi Sinergi Digital Tbk (WIFI), a digital advertising and network infrastructure, has injected extra capital to one of its subsidiaries, PT Dharma Sinar Semesta (DSS), in order to promote business development. Yune Marketatmo, President Director of WIFI, confirmed that the extra capital given to DSS clocks up to IDR 53.44 billion. This brings total issued...
JAKARTA -PT Adhi Commuter Properti Tbk (ADCP) is eyeing recurring income contribution of 5% of its net profit in the past 5 years. As of September 2024, this company has 50% remaining of its landbank of 142.2 hectares (Ha) to be developed as revenue driver. Rizkan Firman, President Director of ADCP, mentioned that the recurring...
Daya Intiguna Yasa Tbk (MDIY), a retail company known as MR DIY, will conduct initial public offering (IPO) by issuing 2.51 billion shares or equal to 10% of issued and paid-up capital. This corporate action is deemed a monumental milestone for MR DIY after entering the Indonesian market in 2017. “Our vision is to continue...
JAKARTA. PT Wijaya Karya (Persero) Tbk (WIKA) has granted additional fund for PT Wika Tirta Jaya Jatiluhur (WTJJ) of IDR 18.99 billion, along with the issuance of new shares of WTJJ. WIKA is known to have control over 88.38% of WTJJ’s shares. Meanwhile, the extra capital injected by the company will cover only a portion...
JAKARTA -PT Nusa Raya Cipta Tbk (NRCA) is divesting 46.51 million treasury shares starting from next week (3/12). These treasury shares originate from the buyback held from August 28, 2015, to March 18, 2020. In the information disclosure quoted Monday (25/11), Setiadi Djajasaputra, Corporate Secretary of NRCA, mentioned that the minimum price for treasury shares’...
JAKARTA -PT Yulie Sekuritas Indonesia Tbk (YULE) is recognised among Top 50 Midcap Public Listed Companies (PLCs) for the best good corporate governance (GCG) practices in 2024. This award was given to YULE by Indonesian Institute for Corporate Directorship (IICD) in Jakarta, Monday (25/11). Rudiantara, Chairman of IICD, stated that the IICD Corporate Governance Conference...
JAKARTA - Foreign investors’ share buying and selling operations on Wednesday, November 20, were lower than the previous day, with the foreign buy volume was 3.25 billion shares and the foreign sell volume was 3.89 billion shares. As a result, net foreign volume closed at -639.87 million shares. On the share purchase list, 57.90 million...
JAKARTA - PT Honoris Corporindo Pratama, a stakeholder of PT Modernland Realty Tbk (MDLN), increased its stake in this real estatedeveloper on Tuesday, November 19. This investor enthusiastically acquired over 1.91 billion shares of MDLN right away, increasing the share portion from 13.6% to over 29%. In the meantime, Haiyanto actually decreased his holdings of...
JAKARTA - The Indonesian government achieved an investment commitment of US$8.5 billion after attending the CEO Roundtable Forum at Lancaster House, London, England, yesterday (21/11). An investment that is of interest to potential investors in the health sector is stem cells. “Just now I met with leaders of large companies, there are 19 figures here....