BP2S SG/BNP Paribas claims nearly 60% of CMNP after acquiring 400 million shares

JAKARTA — On Friday, December 13, 400 million shares ofPT Citra Marga Nusaphala Persada Tbk (CMNP), an infrastructure development company, were acquired by BP2S SG/BNP Paribas Singapore Branch Wealth Management. With a stake of 58.92%, this investor was alreadythe majority shareholder; however, its most recent acquisition through PT Bank HSBC Indonesiaraised its ownership by nearly60%....

Read More

J Resources sets 40% profit growth this year

JAKARTA -PT J Resources Asia Pasifik Tbk (PSAB)is confident that its performance, both operational and financial, will arrive positively this year, even improving from last year. Edi Permadi, Financial Director of PSAB, said that turbulent geopolitical condition, particularly in Europe and Middle East, has driven gold demand upwards. “It results in higher demand for gold,...

Read More