Modern Internasional (MDRN), operator of 7-Eleven convenience stores (PT Modern Sevel Indonesia (MSI), said its shareholders have approved assets sales for more than 50% of total assets based on the financial report ending July 2017. Per June 2017, MDRN’s assets reached Rp1.46 trillion, while liability amounted to Rp1.4 trillion.
Read MoreBakrieland Development (ELTY) has finally completed the restructuring of US$155 million bond debt, equivalent Rp1.09 trillion, issued by its Singapore-based subsidiary, BLD Investments Pte. Ltd. The said bond carries an annual coupon rate of 8.625%.
Read MoreModern Internasional (MDRN), operator of 7-Eleven convenience stores (PT Modern Sevel Indonesia (MSI), has in Dec 19, 2017 divested PT Fresh Food Indonesia (FFI), through MDRN’s unit (PT Modern Pangan Indonesia/MPI), to its partner PT Kho Boga Food (KBF). FFI, a joint venture (JV) entity with KBF, provides central kitchen facility to support the business of 7-Eleven.
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