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....
JAKARTA – After the acquisition of PT Bank Permata Tbk (BNLI) by Bangkok Bank, Indonesia is once again welcoming another acquisition by a major bank of Thailand, KasikornBank, or more familiarly known as KBank, through the takeover of 84.55% of PT Bank Maspion Tbk (BMAS). It is known that the first investment of KBank in...
JAKARTA - PT Samuel International (SI) will place IDR 661.94 billion in PT MD Entertainment Tbk (FILM) via the acquisition of 216.32 million shares issued by the company next week (25/10). In this planned private placement, FILM is setting the exercise price to IDR 3,060 per share. In the information disclosure quoted Monday (21/10), Fidela...
Esta Indonesia Tbk (NEST), an issuer recently debuted on Indonesia Stock Exchange (IDX) last August, has reportedly acquired 6 plots of land and building owned by its own president director, Hoo Anton Siswanto. Said acquisition of land and building took place on October 16, 202, with the transaction set to IDR 12.3 billion. For the...
JAKARTA. Shareholders ofPT Adaro Energy Indonesia Tbk (ADRO) have approved the plan of divesting the entire shares in PT Adaro Andalan Indonesia (AAI) to extend the business’s reach to outside thermal coal. Garibaldi Thohir, CEO of ADRO, mentioned that as of now, the company has been continuously working on strategic transaction and diversification in non-coal...
Sinar Eka Selaras Tbk (ERAL), a subsidiary of PT Erajaya Swasembada Tbk (ERAA) that focuses on the retail business for lifestyle products, has channelled extra capital worth IDR 15.73 billion to PT MST Golf Indonesia (MGI). This corporate action is intended as a way to maintain ERAL’s portion in MGI. MGI is known to be...