TOBA and PLN NP’s subsidiaries to form a JV
30 Apr 2024 13:00
PT Batam Tirta Surya (BTS) and PT PLN Nusantara Renewables (PLN NR) will form a joint venture engaged in the renewable energy sector.
SMMA spent IDR 60 billion to acquire Paramitra Multifinance’s 60 million shares
17 Apr 2024 14:13
PT Sinar Mas Multiartha Tbk (SMMA) has completed the acquisition of 60 million shares of PT Paramitra Multifinance (PMF) of IDR 60 billion.
Finance expenses skyrocketed, META suffered a loss
16 Apr 2024 14:08
Although the revenue of PT Nusantara Infrastructure Tbk (META) increased in 2023, it ended up with a loss worse than 2022 due to a surge in its finance expenses.
Boosting performance, INOV to propose new business line
05 Apr 2024 16:33
PT Inocycle Technology Group Tbk (INOV) plans to establish another business line to boost its revenue performance.
DOID SG bags extra capital of USD 10 million
05 Apr 2024 13:10
Delta Dunia Makmur Pte Ltd (DOID SG), a subsidiary of PT Delta Dunia Tbk (DOID), secures an extra capital worth USD 10 million from issuing 10 million shares.
EMTK’s subsidiary to acquire 41.15% of CASS
27 Mar 2024 09:57
PT Roket Cipta Sentosa (RSC), a subsidiary of PT Elang Mahkota Teknologi Tbk (EMTK) will take over 41.15% of PT Cardig Aero Services Tbk (CASS) from PT Cardig Asset Management (CAM) and PT Dinamika Raya Swarna (DRS).
UNTR to join hands with 2 Japanese companies for a JV
19 Jan 2024 15:53
PT Energi Prima Nusantara (EPN) partners up with Sumitomo Corporation (SC) and Hitachi Zosen Corporation (HITZ) to establish a joint venture (JV), PT Jabar Environmental Solutions (JES), earlier this week (16/1).
PALM subsidiary to pay off obligations of IDR 3.61 trillion
15 Jan 2024 14:49
PT Alam Permai (AP), a subsidiary of PT Provident Investasi Bersama Tbk (PALM), will pay off its obligations worth IDR 3.61 trillion to a number of shareholders. The funds come from PALM's rights issue on March 13-26 2023.
RICY completes downsize of distribution business lines
12 Jan 2024 15:19
PT Ricky Putra Globalindo Tbk (RICY) closed its subsidiary, PT RT Mahkota Globalindo (RTM), which operates in the distribution sector. Previously, this issuer had 12 subsidiaries in the garment product distribution line.
Pushing for efficiency, MDKA to rent heavy equipment from subsidiaries
04 Jan 2024 10:59
PT Merdeka Mining Indonesia (MMI), a subsidiary of PT Merdeka Copper Gold Tbk (MDKA), has signed a heavy equipment rental agreement with three other subsidiaries of MDKA.
