DEWA to convert IDR 1.11 trillion debt into shares
17 Jan 2025 11:23
Two creditors are welcomed as DEWA's shareholder after swapping debt to equity by issuing 17.5 billion new shares.
POSA injects capital into three subsidiaries
10 Jan 2025 14:03
“The capital increase was carried out through a debt-to-equity conversion mechanism in three subsidiaries: PT Tanjung Pinang Indah, PT Lahan Makmur Indah, and PT ABC Bali Laut.”
BATA’s USD 4.8 million debt forgiven: Who played a key role?
09 Jan 2025 11:43
BATA has been struggling with consecutive losses since 2022.
Post-debt-conversion, HRUM confident of entering nickel industry
30 Dec 2024 11:22
PT Harum Energy Tbk (HRUM) is gaining optimism in the nickel industry after succeeding in swapping debt to equity for two of its subsidiaries, PT Tanito Harum Nickel (THN) and PT Harum Nickel Perkasa (HNP).
SRAJ to issue bonds of IDR 1.89 trillion
11 Dec 2024 18:33
PT Sejahteraraya Anugrahjaya Tbk (SRAJ), the operator of Mayapada Hospital, plans to issue bonds worth USD 125 million, or equal to approximately IDR 1.89 trillion.
Wukong Technology now owns 49% of DATA
29 Nov 2024 10:18
Wukong Technology Partners Limited becomes the new shareholder of PT Remala Abadi Tbk (DATA) after claiming 49% of issued and paid-up capital of total 50,000 shares.
TOBA to restructure its subsidiaries
19 Nov 2024 16:25
Shareholders of PT TBS Energi Utama Tbk (TOBA) agreed upon the plan to restructure its subsidiaries, PT Toba Bara Energi (TBE), PT Gorontalo Listrik Perdana (GLP), dan PT Minahasa Cahaya Lestari (MCL).
LEAD to pay USD 20 million loan
18 Nov 2024 16:03
PT Logindo Samuderamakmur Tbk (LEAD) will pay loan worth USD 20 million via debt conversion of 1.75 billion shares of IDR 25 each.
Automotive industry sluggish, new ADMF financing declines by 9% as of September 2024
01 Nov 2024 18:31
PT Adira Dinamika Multi Finance Tbk (ADMF) recorded a decline in new financing of up to 9% year-on-year (yoy) at the end of September (9M) 2024, following the trend of weakening car sales.
Govt must be prudent regarding plans to save Sritex
30 Oct 2024 16:22
The House of Representatives (DPR) reminded the Government to be prudent in its plan to save PT Sri Rejeki Isman Tbk (SRIL). This was conveyed by Misbakhun, Member of Commission XI DPR in Jakarta (30/10).
