Archives | Analysis by Yosefardi

Day: September 30, 2022

Road King’s Toll Investment in Indonesia

Sep 30, 2022 | Industries

Hong Kong-based Road King Infrastructure Ltd continues to boost its investment in Indonesia. On September 27, 2022, its indirectly 75%-owned Kings Bless entered into the conditional sale and purchase agreement (SPA) for acquiring 39.77% equity interest in in PT Jasamarga Semarang Batang (JSB) from PT Waskita Toll Road (WTR), subsidiary of state construction firm Waskita Karya (WSKT), at consideration value of HK$1.98 billion, equivalent to Rp3.82 trillion.

Indika’s Non Coal Investment

Sep 30, 2022 | Market

Diversified energy firm Indika Energy (INDY) said its subsidiary, PT Indika Mineral Investindo (IMI), has on September 26, 2022 acquired PT Perkasa Investama Mineral (PIM), adding non coal assets. Indika opts to reduce exposure in coal, and targets the non coal sector to contributing 50% earning by 2025.