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Summary market hints, October 19, 2022

24 Oct 2022 17:28

JAKARTA - On October 19, 2022 market hints begin with the acquisition of PT Cahayaputra Asa Keramik Tbk by PT Tancorp Bangun Indonesia after Tancorp Group bought 662 million shares or 55% ownership of the ceramic manufacturer. This sale makes this company owned by Hermanto Tanoko, the controlling shareholder of CAKK. The acquisition aims to expand the group's portfolio in the building materials industry, besides owning the paint company Avia Avian. In the second place, Equity Global International Ltd Hong Kong reportedly bought 410 million shares of PT Equity Development Investment Tbk (GSMF), increasing its ownership to 68%.

Summary market hints, October 19, 2022