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Corporations to Watch

Sinar Mas Group unit, Indah Kiat Pulp & Paper (INKP), has prepared funds of Rp4.3 trillion to buyback five series of medium-term notes (MTN) issued in 2017-2018. The company offers buyback on Nov. 8–22, and the repurchase date will be held on Dec. 9.

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Corporations to Watch

Sinar Mas Group unit, Indah Kiat Pulp & Paper (INKP), has prepared funds of Rp4.3 trillion to buyback five series of medium-term notes (MTN) issued in 2017-2018. The company offers buyback on Nov. 8–22, and the repurchase date will be held on Dec. 9.

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Major Business Groups So Far (4)

Sinarmas Multiartha (SMMA), sub-holding of Sinarmas Group for financial sector, is currently the largest company within the group based on market capitalization. SMMA, which is parent of Bank Sinarmas, has market cap of Rp82.78 trillion or 3.6 x equity as at September 30, 2019 (Rp23.09 trillion).

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