Day: February 7, 2024

The New KPPU : On Competition in the Aviation Fuel Business

Within less than a month after being officially appointed, nine commissioners of the Business Competition Supervisory Commission (KPPU) for the 2023 – 2028 term of office have started working. The commission recently published their initiative to achieve their work targets for the first 100 days.

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IPO & New Equity to Watch

Manufacturer of bicycles and electric motorbikes for the United Bike brand, PT Terang Dunia Internusa Tbk (UNTD), will list and trade its shares in the Indonesia Stock Exchange (IDX) today, also Bakrie Group-owned PT Ancara Logistics Indonesia Tbk (ALII), engaging in sea freight, transshipment services, and intermediate stockpile for coal.

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Corporations to Watch

Cable manufacturer Voksel Electric (VOKS) announced that new controller of the Company–Hengtong Optic-Electric International Co. Ltd.–held on Tuesday (February 6) a Mandatory Tender Offer (tender offer) for 1.12 billion VOKS shares, representing 26.9% of the Company’s enlarged capital, at a price of Rp226 per share, or Rp252.10 billion in total.

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