Archives
Darma Henwa, Prove Energy & Corfield takeovers
May 12th, 2012
Coal mining contractor PT Darma Henwa Tbk (DEWA), an affiliated of coal miner PT Bumi Resources Tbk (BUMI), were in frenzy acquisitions last year. However, the actions have raised questions. The story of the takeovers began on May 22 ...
Mitrabahtera placement & Patin Resources
May 4th, 2012
Prasatya family has offered 200 million shares with upsize option of 88 million shares or in total representing 16.5% of the issued capital in coal tug boat and barges provider PT Mitrabahtera Segara Sejati Tbk (MBSS) at Rp1,560-Rp1,630 a ...
Ciputra Development placement at discount
May 4th, 2012
Institutional investor has placed 631.32 million shares in property developer PT Ciputra Development Tbk (CTRA) at Rp750 a share or Rp473.49 billion. According to the offering structure obtained by The Insider Stories today, the investor offered 4.2% of CTRA ...
Widodo family disposes BW Plantation at discount
April 26th, 2012
Two controlling shareholders of CPO producer PT BW Plantation Tbk (BWPT), that is controlled by Budiono Widodo, and a foreign private equity PT Fendalton Investment, has completed a private placement of about 7% stake or 290 million shares to ...
BNI draws US$3 bio demand for bonds
April 26th, 2012
The state-controlled PT Bank Negara Indonesia Tbk (BNI) has obtained nearly US$3 billion demand for its US$500 proposed global bonds. A source familiar with the matter said BNI and the joint lead arranges have priced the bonds at 4.125%. ...
Widodo family & BW Plantation placement
April 26th, 2012
Two controlling shareholders of CPO producer PT BW Plantation Tbk (BWPT), that is controlled by Budiono Widodo, and foreign private equity Fendalton is underway to hold private placement of 7% stake to institutional investors. According to two sources familiar ...
Summarecon Agung stakes for sale!
April 17th, 2012
Four shareholders are offering 290 million shares or 4.21% stake of property developer PT Summarecon Agung Tbk (SMRA) at the offer price of Rp1,575-1,625 a share, enabling those sellers with Rp456,75 billion-Rp471,25 billion proceed. In an offering structure obtained ...
Who is Davomas ultimate owner?
March 10th, 2012
Who is the ultimate owner of Davomas Abadi? When Davomas Abadi listed their shares at Jakarta Composite Index in 1994, Davomas was established by Ernas Krisna Mulya with 50% stake, Hendrawan Setiadi with 25% stake, and Anthonius Azer Unawekla ...
Bumi & Bumi Minerals, what is next?
March 8th, 2012
Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) aims to dispose up to 20% stake in non-coal mining company PT Bumi Resources Minerals Tbk (BRMS) to strategic investors. The shares sale will be used by Bumi to put ...
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 ...