A year debuting, KOKA and LOPI crashed

JAKARTA – PT Koka Indonesia Tbk (KOKA)andPT Logisticsplus International Tbk (LOPI) plummeted a year after debuting on Indonesia Stock Exchange (IDX) via initial public offering on October 11, 2023. Based on compiled data of IDNFinancials, Thursday (10/10), KOKA’s price arrived at IDR 62, down 51.56% compared to IPO price of IDR 128 per share. Yesterday...

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Shimizu Global files PKPU lawsuit against PP Urban

JAKARTA - PT Shimizu Global Indonesia (SGI) sues PT PP Urban, a subsidiary ofPT Pembangunan Perumahan (Persero) Tbk (PTPP), for Suspension of Debt Paymen Obligation (lit. Penundaan Kewajiban Pembayaran Utang/PKPU). In the information disclosure quoted Thursday (10/10), Agus Purbianto, Director of Finance of PTPP, mentioned that the company respects the ongoing PKPU proceedings based on...

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