Revisiting Gita’s Ancora

PT Ancora Indonesia Resources Tbk (OKAS) booked net loss of US$3.86 million in the first nine months of 2016, expanded 35% from the corresponding period of 2015 due to falling sales revenues and squeezed margins. This is one of portfolios of Ancora Group, a private equity firm established and owned by Gita Wirjawan, former banker and cabinet member.

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