Creditors will control up to 92.5% shares of PT Surabaya Agung Industri Pulp & Kertas (SAIPK) Tbk or Surya Kertas through a debt conversion mechanism. SAIPK told JSX today that the company propsed late last year to reduce...
Read MoreKemal Stamboel has been tipped to replace Sugiharto as the minister for state-owned enterprises. Who is he? Political affiliation? Business interests? Check out his track-record! Kemal Stamboel is a respected professional,...
Read MoreMichael Joseph Sampoerna, president director of PT Sampoerna Telekomunikasi, the son of tycoon Putera Sampoerna, is a professional poker player like Indonesian-born poker star John Juanda. For those familiar with poker game,...
Read MoreAccording to the company’s announcement today, PT Sungai Ringit raised the capital with the issuance of 180,000 new shares valued at Rp180 billion to Palma Agro Limited based on convertible loan agreement dated April 5, 2006.
Read MoreOlefin center PT Chandra Asri Petrochemical Center has acquired controlling stakes at PT Styrindo Mono Indonesia, the largest styrene monomer producer in South East Asia previously controlled by Japan’s Toyota Tsusho Corp...
Read MorePT Autocompt Systems Indonesia, a subsidiary of Autocompt System, is expanding its manufacturing unit in Tangerang, Banten province, Indonesia with additional investment of US$59.5 million. The additional investment would be...
Read MoreWhile no approval yet from The House of Representative (DPR), Peter Sondakh’s Rajawali Corporation has moved fast. After submitting its letter of intent to acquire flag carrier Garuda Indonesia to Minister for State-Owned...
Read MoreInvestors are expected to submit their final bids to acquire 30% shares of PT Kaltim Prima Coal & PT Arutmin Indonesia, both are subsidiaries of PT Bumi Resources Tbk, on February 28. Mitsubishi, Tata, and BHP are believed...
Read MorePT Krakatau Daya Listrik, a subsidiary of steel manufacturer PT Krakatau Steel, is expanding its power generating capacity with a new coal-fired power plant (300 MW capacity) which may cost around USD300 million. PT Krakatau...
Read MoreFarallon Capital and Alaerka Investment (controlled by Djarum Group) changed ownership structure at Farindo Investment (Mauritius) Ltd which controls 51.18% PT Bank Central Asia (BCA) Tbk, an official at Bank Indonesia said...
Read More