SSMS and CBUT to issue USD 600 million in bonds
18 Mar 2025 09:58
SSMS & CBUT will use the proceeds from the bonds to repay bank obligations and for investment.
CBUT ends 2024 with a 52.72% decline in net profit
12 Mar 2025 14:57
CBUT’s net profit dropped by 52.73% in 2024, in line with its shrinking revenue.
Lim Susan purchased 513 million Taxi Express (TAXI) shares
09 Jul 2024 15:29
On Thursday, July 4, taxi service provider PT Express Transindo Utama Tbk (TAXI) welcomed Lim Susan as a new investor. She purchased 513.45 million TAXI shares, acquiring a 5.02% share portion immediately. Aside from that, foreign investor Maybank Global Growth Fund VCC-Maybank Global Growth Fund 1 became PT Citra Borneo Utama Tbk (CBUT), the palm oil company's newest investor, owning 10.34% of its shares. Maybank Global obtained this ownership by purchasing 323.18 million shares of CBUT.
Citra Borneo Utama secured credit facility of IDR 1 trillion from BRI
27 Feb 2024 13:04
PT Citra Borneo Utama Tbk (CBUT), the issuer engaged in the downstream process of palm refinery sector, has obtained a credit facility from PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) or BRI worth IDR 1 trillion.
Citra Borneo Indah paid off its debt to Sawit Sumbermas with 1.64 billion CBUT shares
02 Jan 2024 14:46
As the majority shareholder of PT Citra Borneo Utama Tbk (CBUT), PT Citra Borneo Indah settled its debt to PT Sawit Sumbermas Sarana Tbk on Wednesday, December 20, with a debt-to-equity swap mechanism.