JAKARTA -PT Medco Energi Internasional Tbk (MEDC)has concluded the buyback of two senior bonds maturing in 2026 and 2027. The settlement of this tender will then reduce the company’s obligations. Siendy K. Wisandana, Corporate Secretary of MEDC, mentioned that the company has repurchased the senior bonds issued by Medco Oak Tree Pte Ltd and Medco...
JAKARTA -PT Jaya Agra Wattie Tbk (JAWA), a processed tobacco manufacturer, has secured a loan worth IDR 1.25 trillion from its shareholder, PT Sarana Agro Investama (SAI). This affiliate transaction is projected to lower interest expenses borne by JAWA by 34-100%. Harli Wijayadi, Corporate Secretary of JAWA, mentioned that the transaction is decided after considering...
JAKARTA. PT Adiwarna Anugerah Abadi Tbk (NAIK), a trading and fire protection system service company, will issue 750 million of its shares in an initial public offering (IPO) in Indonesia Stock Exchange. The number of shares to be offered by NAIK is equal to 23.08% of its issued and paid-up capital. Each share has value...
JAKARTA. The amount of incoming bids for the last auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk last Tuesday (22/10) reportedly reached IDR 17.47 trillion. There were 7 series of state sukuk offered in the auction, consisting of 2 series of Sharia Government Treasury Notes (lit. Surat Perbendaharaan Negara –...
JAKARTA – Jakarta Stock Price Composite Index (JCI) arrived at 7,778.44 at 11.30 AM WIB nearing the first closing bell today (23/10), although it managed to reach new height at 7,800.02 earlier. Monitoring the board, the index only shifted rapidly in the morning before weakening down to 7,770.09 in the middle of the morning session....
Petrosea Tbk (PTRO) has recently formed a new subsidiary called PT Petrosea Infrastruktur Nusantara (PIN) in order to support business expansion. PIN is established by Petrosea with 99.90% claim over its shares, while another 0.10% is allocated to PT Rekakarsa Karya Nusantara. “Formation of PIN is intended as a sub-holding company and management consultancy in...
JAKARTA -PT Asahimas Flat Glass Tbk (AMFG) is expanding its business to warehouse leasing through its assets located in Ancol, North Jakarta. The warehouse used to be a glass factory that has been idle since 2019. Based on the prospectus quoted Wednesday (23/10), the company will hold Extraordinary General Meeting of Shareholders on November 29,...
JAKARTA -PT Tower Bersama Infrastructure Tbk (TBIG)signed an agreement of tenor relaxation for its syndicated loan facility worth USD 325 million. Initially, this facility is due August 2024 Helmy Yusman Santoso, Director of TBIG, confirmed that the company has signed an amendment agreement to extend the average tenor of the facility. “The final settlement date...
JAKARTA - Individual investors appeared to be busy adding shares to multiple issuers on Tuesday, October 15. Medya Lengkey S. recently acquired 21.43 million more shares of PT Metrodata Electronics Tbk (MTDL), a business that distributes digital solutions and information and communication technology, giving her a total share of 16.58%. Yulisar Khiat then raised his...
JAKARTA - Indosat Ooredoo Hutchison, also known as PT Indosat Tbk (ISAT), is a telecommunications company that recently held a stock split with a ratio of 1:4, quadrupling the number of shares in circulation. Consequently, on Wednesday, October 16, ISAT investors also noted changes in the quantity of shares they owned. Ooredoo Hutchison Asia Pte....