Author: yosefardi.com

Tata raises fund, Bumi to issue CB

Tata Power is raising up to US$1.2 billion in the market to finance its acquisition of 30% shares in PT Kaltim Prima Coal, PT Arutmin Indonesia, Indocoal, Indokalsel, and Indokaltim. Meanwhile Bumi Resources would issue US$300...

Read More

Lautan Luas enters China ammonia

Chemical distributor and manufacturer PT Lautan Luas Tbk is expanding its chemical business with the establishment of a new JV with Hongze Yinzu Chemical to produce ammonia in Hongze, China, the company told JSX late last week....

Read More

KPC profit drops 97%

PT Kaltim Prima Coal, the largest coal mining in Indonesia, reported 97% drop in net profit last year, mainly due to significant drop in operating margin. The company’s operating profit decreased 54.7% last year to USD58.6...

Read More

New JV: Merpati-E-Capital-Air XL

State-owned airline company PT Merpati Nusantara Airlines (MNA) has entered into a JV cooperation with PT E-Capital Securities and US-based Air XL Inc to develop an air transportation consulting business. The three companies...

Read More

Bumi & Tata deal, buyback reviewed

After weeks of speculation about the deal between Tata Power and PT Bumi Resources Tbk, the listed parent company of KPC & Arutmin finally announced part of the SPA today. What’s inside the US$1.1 billion deal? Bumi...

Read More
error: Content is protected !!