Monthly Archives: December 2010
SCTV acquires Bangka Tele Vision
December 30th, 2010
TV station PT Surya Citra Televisi (SCTV), a wholly owned subsidiary of PT Surya Citra Media Tbk (SCMA), controlled by Indonesian businessman Sariaatmadja family, reported an acquisition of 85% shareholding in PT Bangka Tele Vision at Rp425 million. Surya ...
Bhakti bags Rp510 bio from CMNP sale
December 30th, 2010
Slow but sure, holding investment PT Bhakti Investama Tbk (BHIT) disposes its shareholding in toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) on December 27 2010. After selling its stakes in Citra Marga into the market, Bhakti, ...
Northstar shareholding in Delta Dunia
December 28th, 2010
J.P.Morgan Securities is now in net buy position for PT Delta Dunia Makmur Tbk (DOID) stocks worth Rp35,24 billion. The massive buy on Delta Dunia stocks has lifted the coal mining contractor 6.67% to Rp1,600 per share. What is ...
CIC, welcome on board of Delta Dunia
December 26th, 2010
Chinese sovereign wealth fund China Investment Corporation (CIC) today finally announced its enrollment into a consortium of TPG Capital and Government of Singapore Investment Corporation (GIC) for acquiring all non voting shareholder in Northstar Tambang Persada Ltd (NTP), which ...
Adaro Energy & higher capex in 2011
December 24th, 2010
PT Adaro Energy Tbk (ADRO), one of the biggest coal producers in Indonesia, aims to enlarge its capital expenditure (capex) from previous estimation of US$464 million. Besides routine spending, The company is also allocating capex to bankroll barging, coking ...
Ciliandra establishes Matthew Air
December 20th, 2010
Ciliandra Fangiono family has entered aircraft business. The family has established a new subsidiary dubbed PT Matthew Air Nusantara with capital paid-in of IDR10 billion. In an official statement, Fangiono family controlled 98% stake in Matthew Air Nusantara via ...
IDX suspends Arpeni on interest payment
December 20th, 2010
Indonesia Stock Exchange (IDX) today suspended stocks of Shipping company PT Arpeni Pratama Ocean Line Tbk (APOL) after it failed to pay bond interest. In last friday, Arpeni was closed 2.56% higher to IDR120 per share. The company last ...
TPG Capital & GIC finally control DOID
December 18th, 2010
Consortium of TPG Capital and Government of Singapore Investment Corporation Pte Ltd (GIC) has finally completed a purchase of all the non-voting interest in Northstar Tambang Persada Ltd (NTP), a 40% controlling shareholder of PT Delta Dunia Makmur Tbk ...
Indosiar surges 7.14% on TV5 take over
December 17th, 2010
Holding company of Indosiar television, PT Indosiar Karya Media Tbk (IDKM) today surged 7.14% to IDR600 per share, following the acquisition of TV5 Philippine. Referring to the current market price, Indosiar Media’s market capitalization is IDR1.21 trillion. ABC Development ...
Megapolitan unveils 25.37% stake IPO
December 17th, 2010
PT Cosmopolitan Persada Developments aims to dispose 850 million shares or 25.37% stake in property company PT Megapolitan Developments Tbk via initial public offering (IPO) in January 2011. PT Henan Putihrai has been mandated as underwriter for the IPO, ...