Toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) plans to issue Rp4 trillion bonds in several stages in a bid to underpin its expansion. Director Indrawan Sumantri said in the first stage, Citra Marga will raise Rp1 trillion in the last quarter of this year. “We have talked with several parties to issue [...]
Toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) aims to issue a 10% non-preemptive rights in a bid to seek cash to develop business. Citra Marga Indrawan Sumantri said the company schedules an extraordinary of shareholders meeting on August 10 to seek approval on the non-preemptive rights. “The new shares issuance is like [...]
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Property developer PT Bakrieland Development (ELTY) plans to divest up to 75% its ownership in Bakrie Toll Road (Bakrie Toll), the company’s toll-road operator subsidiary. Based on news in Investor Daily, the President Director, Hiramsyah Thaib, mentioned that the company plans to IPO a totaling 20%-30% of its ownership through IPO, while the remaining will [...]