Monthly Archives: February 2012
IFC to convert loan into BTPN shares at Rp789
February 20th, 2012
PT Bank Tabungan Pensiunan Nasional Tbk (BTPN), that is controlled by Northstar Pacific Partners, today announced that International Finance Corporation (IFC) intends to convert a Rp139.46 billion loan channeled to BTPN into new shares. In an official statement published ...
Stock recommendations today
February 20th, 2012
Edging closer to the 13000 mark, the Dow finished the week with solid gains on Friday as Wall Street bets Greece will finally receive its long-awaited bailout, but the Nasdaq Composite failed to join the party. The Dow Jones ...
Berau Coal & 3.40 bio shares issuance
February 19th, 2012
PT Berau Coal Energy Tbk (BRAU) is seeking an approval from its shareholders regarding to a transfer authority to board of commissioner for 3.40 billion of new shares issuance or nearly 10% of outstanding shares. Such matter will be ...
Dian Swastatika acquires Andalan Lestari
February 19th, 2012
PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeover of PT Andalan Satria Lestari worth Rp8.70 billion. Hermawan Tarjono, Director of Dian Swastatika, said the acquisition is held by DSSA’s ...
Vale Indonesia names Richardo as president commissioner
February 18th, 2012
One of nickel miners PT Vale Indonesia Tbk (INCO) on Friday has appointed Ricardo Rodrigues de Carvalho as the president commissioner of the company, replacing Peter Poppinga, while Poppinga remains as a member of the board of commissioner of ...
Ibrahim Risjad passes away
February 18th, 2012
One of Indonesian tycoon Ibrahim Risjad, father of businessman Rizal Risjad, has passed away on February 2012 in Singapore due to illness at the age of 77. Ibrahim Risjad, stellar businessman during President Soeharto era,is a non-executive director of ...
Indika Energy acquires Multi Tambangjaya US$132 million
February 18th, 2012
PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agreements to acquire, together with a co-venturer, 100% stake of PT Multi Tambangjaya Utama (MTU) as well as its coal distribution rights for ...
Indika, Petrosea placement & below range
February 5th, 2012
PT Indika Energy Tbk (NDY), an energy integrated company that controls PT Petrosea Tbk (PTRO), an Indonesian engineering, construction, contract mining and equipment rental company, finally set the shares placement of Petrosea at Rp36,000 a share, grabbing a total ...
