Category: Market

Coal mining contractor PT Darma Henwa plans to offer its shares to investors in the second half  (July the earliest). The company expects to raise between US$200 million to US$250 million. Who are the people behind Darma Henwa?...

PT Suparma Tbk, a listed paper producer with combined capacity 1.65% of the national capacity, is looking for US$18 million financing to refinance debts and strengthen working capital. The company will refinance loans provided...

Two groups—Charoen Phokphand and a group familiar with acquisition of distressed assets at IBRA—are currently competing to control the troubled shrimp farm Dipasena, an asset once valued at Rp19 trillion (US$2...

PT Lippo E-Net Tbk divests its entire stake at ASTA which controls 20% shares in AIG Life, an insurance JV with American International Assurance Company (Bermuda) Ltd (controls 80% shares) to strengthen its financial structure....

Sampoerna Agro starts to offer up to 30% of its shares to public in a bid to raise up to US$150 million for debt payment and expansion. The company will easily become the second largest plantation company by market...

Starting Tuesday, April 24, PT Media Nusantara Citra—a subsidiary of PT Global Mediacom (prev. Bimantara Citra) offers its shares to public. At the same time, PT Bhakti Investama Tbk, majority owner of Global Mediacom is...

Once controlled almost 80% of PT Davomas Abadi Tbk, Indonesia’s largest cocoa butter & powder producer, Mr Husein Sutjiadi (the richest No.33 in Forbes’ rich list for Indonesia) reduced significantly his...

Sanex is a growing business group established by several businessmen with interests ranging from motorcycles, steel, and telecommunication. But in the last few months, they’re fighting each other and involved in legal...

Listed tire manufacturer PT Multistrada Arah Sarana Tbk announced today its plan to raise funds through a rights issue for bond payment, finance its expansion and strengthens its working capital. Who actually owns and controls...

Abby Soekarno (Full name Krisno Abiyanto Soekarno), CEO of PT Wahana Bersama Globalindo (WGB) and Paimin Landung (director), have fled the country as fugitives and leaving thousands of investors counting their losses....