MFIN prepares IDR 116 billion bonus share distribution
12 Mar 2025 09:22
Mandala Multifinance (MFIN) proposes a bonus share distribution, totalling IDR 116 billion.
MFIN profits surge to IDR 515.66 billion
07 Mar 2025 13:11
MFIN profits rise nearly 22% in 2024, supported by revenue performance and cost efficiency.
December marks maturity of three Indah Kiat Pulp & Paper bonds
29 Nov 2024 12:23
Nineteen bonds issued by fifteen issuers are expected to mature at the conclusion of this year. PT Indah Kiat Pulp & Paper Tbk (INKP), a manufacturer of paper and cardboard packaging, owns three of these bonds. On December 1, INKP's first bond, worth IDR 16.89 billion, will mature. The next day, a USD bond for USD 251 thousand will mature. A third bond debt of IDR 878.81 billion must also be paid by this issuer on December 8.
Mandala Multifinance to issue bonus shares worth IDR 117.5 billion
06 Sep 2024 10:37
PT Mandala Multifinance Tbk (MFIN), a consumer financing company, plans to distribute bonus shares worth IDR 117.5 billion.
Elaine Low receives 22% shareholding in Bayan Resources (BYAN) from Low Tuck Kwong
03 Sep 2024 16:57
Conglomerate and controller of PT Bayan Resources Tbk (BYAN), Low Tuck Kwong, gave his daughter Elaine Low control over 7.33 billion BYAN shares on Wednesday, August 28. Elaine now owns 22% of the shares in the coal mining and contractor company, while Low Tuck Kwong's share portion decreased from 62.15% to just 40.15%. Securities firm BUT Butsche Bank AG facilitated the transaction between the two.
August sees largest bond payment from Bank Rakyat Indonesia, reaching IDR2.5 T
03 Aug 2024 18:02
Shelf Registration Bond IV Mandala Multifinance Tahap III Tahun 2021 Seri B from PT Mandala Multifinance Tbk (MFIN) will be the first bond on the list of bonds maturing in August. On August 6, this consumer finance company is expected to pay IDR 150 billion toward a bond debt. The Shelf Registration Bond V BFI Finance Indonesia Tahap II Tahun 2021 Seri C will also be paid off at IDR 530 billion on the same day from PT BFI Finance Indonesia Tbk (BFIN), another financing company.
MFIN’s shareholders to divest portions for IDR 7.04 trillion
22 Mar 2024 09:55
Two shareholders of PT Mandala Multifinance Tbk (MFIN) are said to have realised the divestment of 80.6% of their portions worth IDR 7.04 trillion to MUFG Bank Ltd and PT Adira Dinamika Multi Finance Tbk (ADMF) last week (13/3).
Mandala Finance has an “idAAA” rating after MUFG and Adira Finance’s acquisition
21 Mar 2024 12:48
Pemeringkat Efek Indonesia (Pefindo) has upgraded the rating of PT Mandala Multifinance Tbk (MFIN) or Mandala Finance to “idAAA” with “stable” prospect, as well as “idAAA” and “idAAA(sy)” ratings for currently existing bond and sukuk.
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.