Shares of gold miner Archi Indonesia (ARCI), controlled by Peter Sondakh’s Rajawali Group, ended substantially lower by 3.23% to Rp360 last Friday. That means the stock has fallen 52% from its initial public offering (IPO) two years ago. Shares of Merdeka Battery Materials (MBMA), co-owned by Saratoga, Provident Capital, and Garibaldi ‘Boy’ Thohir, ended slightly higher by 0.69% to Rp 725, but still way below IPO price few months back.To subscribe please click here
