Yearly Archives: 2011
Syailendra puts Rp1.35 trillion on ABM Investama
December 4th, 2011
A corsortium led by Syailendra Capital, controlled by stellar figure in the capital market, Jos Parengkuan, has piled nearly two third of the IPO of an energy integrated company PT ABM Investama Tbk. Syailendra, which is backed up by ...
Samin Tan buys 23.8% stake in Bumi Plc
November 1st, 2011
Stellar figure Samin Tan, who is known as one of closest buddies for Nirwan D. Bakrie, may soon take part as a 23.8% stake holder in London-based Bumi Plc. Samin Tan, former auditor of Deloitte & Touche, through its ...
Borneo Lumbung Energi’s owners move
October 4th, 2011
Two shareholders in Indonesia cooking coal producer PT Borneo Lumbung Energy Tbk (BORN) intends to dispose 12.5% stake next year. Credit Suisse who is holding a 10% stake with Suryadinata Sumatri of 30% stake will sell their shares. One ...
Siam Cement wins Chandra Asri takeover deal
September 20th, 2011
Thailand-based cement maker Siam Cement PCL has agreed to buy 30% stake in petrochemical products producer PT Chandra Asri Petrochemical Tbk. Singapore’s Appleton Investment Ltd, subsidiary of Temasek Holding aims to divest 22.9% stake in Chandra Asri, while PT ...
Sims Jaya back door listing via Myoh Technology
August 23rd, 2011
PT Myoh Technology Tbk, a technology information company, plans a back door listing by acquiring coal mining and services PT Sims Jaya Kaltim from Samtan Co Ltd. In an agenda of extraordinary general meeting submitted to Indonesian Central Securities ...
Bumi aims Rp3.9 trio shares buyback
August 23rd, 2011
Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) today announces a buyback of 780 million shares or 3.75% of its outstanding shares with a commitment to spend Rp3.90 trillion cash from part of its net profit. Bumi must ...
CIMB Securities underwrites TPS Food rights issue
August 19th, 2011
PT Tiga Pilar Sejahtera Food Tbk (TPS Food) has mandated PT CIMB Securities as a lead underwriter to arrange Rp700 billion rights issue scheduled in the fourth quarter of this year. Corporate Secretary Yuliani Liyuwardi said initially, the company ...
Bakrie Telecom 1H suffers Rp179 bio net loss
August 19th, 2011
CDMA-based cellular operator PT Bakrie Telecom Tbk (BTEL) reported a Rp179.7 billion net loss in the first half of this year from Rp2.72 billion net profit in 1H 2010. In a press statement last night, net revenue slightly increased ...
CMA Indonesia buys Reka Jasa Akses
August 19th, 2011
Bakrie Group, via PT Capital Managers Asia Indonesia (CMA Indonesia), officially acquired 100% stake in PT Reka Jasa Akses worth US$12.5 million or Rp107.03 billion in a bid to penetrate the market of 4G-based technology internet. CMA Indonesia requires ...
Bumi Resources 1H profit up 8.76%
August 18th, 2011
Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) reported a 8.76% increase in net profit for the first half of this year as higher average selling price. BUMI booked US$274.37 million net profit in 1H 2011 from US$252.26 ...