ADMR’s subsidiary to distribute USD 110 million loan
09 Feb 2023 06:10
PT Maruwai Coal (MC), a subsidiary of PT Adaro Minerals Indonesia Tbk (ADMR), has channelled a loan worth USD 110 million to four of its affiliated companies.
HITS signed on affiliate transaction worth IDR 1.19 trillion
24 Jan 2023 08:07
PT Humpuss Intermoda Transportasi Tbk (HITS) is conducting an affiliate transaction by acquiring 1,227,123,000,000 shares of its subsidiary, PT Humpuss Transportasi Kimia (HTK), in PT Humpuss Maritim Internasional (HUMI) for USD 77.95 million or IDR 1.19 trillion.
Argo Pantes to cancel asset handover to its affiliate
11 Jan 2023 12:08
The shareholders of PT Argo Pantes Tbk (ARGO) will cancel the divestment of machine whose sale and purchase agreement was signed on June 1, 2016.
Bank Mayapada bought ex-Plaza Bali for IDR 1 trillion
28 Nov 2022 04:44
PT Bank Mayapada Internasional Tbk (MAYA) has officially acquired the building of ex-Plaza Bali from PT Gatsu Griya Megatama (GGM) worth IDR 1 trillion.
IFSH to take over 90% of two affiliates
18 Nov 2022 11:16
PT Ifishdeco Tbk (IFSH) takes over 90% of shares in two of its affiliated companies regarding the business expansion and the extension of nickel ore reserves in Kolaka, Southeast Sulawesi.
Pandemic Fund to be overseen by World Bank
16 Nov 2022 08:58
President Joko Widodo officially inaugurates Pandemic Fund that will be managed by World Bank. This fund is intended as incentives for countries that have invested in preventive and anticipatory initiatives in facing the pandemic.
Mayora Indah to branch out to Russia
21 Sep 2022 10:49
PT Mayora Indah Tbk (MYOR) forms sale partnerships with six affiliated companies abroad in order to boost its market share.
Leyand International plans a rights issue
20 Sep 2022 06:25
PT Leyand International Tbk (LAPD), a power plant managing company, will conduct a rights issue of approximately 3 billion series B shares of IDR 50 each.
Suzhou Kuniene Film gains RMB 275 million loan from Bank of China
08 Jun 2022 07:54
Suzhou Kniene Film Industries Co Ltd (SKFI), an affiliate of PT Indopoly Swakarsa Industry Tbk (IPOL), obtains a credit worth RMB 275 million from Bank of China in order to increase the production capacity of premium films, particularly those using Biaxially Oriented Polypropylene (BOPP) film.
Focusing on integrated business, KRAS restructures its subsidiaries
25 Mar 2022 06:57
PT Krakatau Steel (Persero) Tbk (KRAS) restructures the share ownership of its subsidiaries in order to enhance its business in the integrated industrial zone.