NETV management board resigns

JAKARTA – The Board of Commissioners and Directors of PT Net Visi Media Tbk (NETV) collectively submitted their resignations to shareholders yesterday (7/10). Shinta Trisnawati Sutrisno, Corporate Secretary of NETV, mentioned that the company will follow and meet some requirements stated in the articles of associations and applicable regulations. “Including obtaining approval from shareholders regarding...

Read More

Negative equity, Logindo Samudera Makmur to hold private placement

JAKARTA. PT Logindo Samudera Makmur Tbk (LEAD), an oil and natural gas services company, will carry out additional capital without granting pre-emptive rights (PMTHMETD) or private placement. This corporate action was carried out by LEAD in the context of financial restructuring. Currently, the companys net working capital is recorded at minus US$3.02 million, with total...

Read More