INKP to issue US$ 25 million bonds
19 Mar 2024 17:17
PT Indah Kiat Pulp & Paper Tbk (INKP) will issue Shelf Registration USD Bonds I Phase III 2024 amounting to US$ 25 million on April 1, 2024.
APEX bags US$13.7 million contract from Pertamina
19 Mar 2024 15:47
PT Apexindo Pratama Duta Tbk (APEX), a coal and oil and gas support services company, has obtained a marine drilling contract from PT Pertamina Hulu Kalimantan Timur (PHKT).
SOE Insurance Holding, IFG, aims for market leader position
19 Mar 2024 15:25
Indonesia Financial Group (IFG), a holding of state-owned enterprises (SOEs) in the fields of insurance, guarantee and investment, targets to become market leaders in the general insurance industry
Over 1 billion Gojek Tokopedia shares are traded; net foreign volume closed at minus 118.39 million shares
19 Mar 2024 14:33
On Monday, March 18, foreign investors sold 1.36 billion shares and purchased 1.13 billion shares of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), bringing the net volume to -228.09 million shares. The amount of this transaction contributed to a foreign buying volume of around 2.87 billion shares and a foreign selling volume of 2.99 billion shares. As a result, net foreign volume closed at -118.39 million shares.
UBS AG Hong Kong has invested 9.06 billion shares in Bukalapak.com (BUKA)
19 Mar 2024 14:23
On Thursday, March 14, PT Bukalapak.com Tbk (BUKA), an online shopping platform, welcomed a new foreign investor. Through BUT Deutsche Bank AG, the foreign investor known as UBS AG Hong Kong Non-Treaty Omnibus Account - 2052034005 recently purchased 9.06 billion BUKA shares, or roughly 8.79% of the stakes.
Following its acquisition of Mandala Multifinance (MFIN), MUFG Bank Ltd. holds 70% control
19 Mar 2024 13:56
On Wednesday, March 13, MUFG Bank Ltd., a Japanese bank, took over as PT Mandala Multifinance Tbk's (MFIN) new controlling shareholder. Having acquired more than 1.87 billion shares through PT Bank Danamon Indonesia Tbk, this investor now holds 70.61% of the shares of the consumer finance company. Local investor PT Adira Dinamika Multi Finance Tbk also acquired 265 million MFIN shares in total, granting it immediate control over 10% of the shares.
Mandom Indonesia’s profit soared 106% in 2023
19 Mar 2024 13:26
PT Mandom Indonesia Tbk (TCID), a body care product manufacturer and distributor, booked net profit of IDR 38.12 billion in 2023, soaring 106% year-on-year (yoy) higher.
Merdeka Copper Gold to issue 362.13 million shares in private placement
19 Mar 2024 11:20
PT Merdeka Copper Gold Tbk (MDKA), a metal and mineral mining company with the highest market capitalisation, will initiate its capital raise without pre-emptive rights, or also known as private placement.
UNTR’s subsidiary to acquire SERD for IDR 1.25 trillion
19 Mar 2024 10:15
PT Energi Prima Nusantara (EPN), a subsidiary of PT United Tractors Tbk (UNTR), has acquired 257,449 shares of PT Supreme Energy Rantau Dadap (SERD) for IDR 1.25 trillion.
Barito Renewables Energy’s revenue saw 4.4% climb in 2023
19 Mar 2024 09:55
PT Barito Renewables Energy Tbk (BREN), one of Prajogo Pangestu’s companies under Barito Group, has managed to boost its revenue in 2023 by 4.4% year-on-year (yoy) to USD 594.94 million.
