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Indonesia: LinkAja Acquires P2P Lending Startup iGrow

JAKARTA (TheInsiderStories) - Digital wallet service owned by state-owned firms, LinkAja, has made an acquisition of P2P lending operator, PT iGrow Resources Indonesia with undisclosed amount,...

Thailand: Kasikorn to Hold 40% Bank Maspion Shares

JAKARTA (TheInsiderStories) - Thai firm, Kasikorn Vision Company Ltd., (KVision), to absorb 2.28 billion shares equal to 30.01 percent issued and paid up capital of...

Nickel Mines Secures US$175M to Acquire Indonesian Assets

JAKARTA (TheInsiderStories) - Australian miner, Nickel Mines Ltd., has completed a US$175-million senior unsecured notes offering to help fund the acquisition 50 percent shares of Angel...

Indonesia’s MNC Vision Holds 100% K-Vision Shares

JAKARTA (TheInsiderStories) - PT MNC Vision Networks Tbk (IDX: IPTV), has completed the purchase of 20 percent of K-Vision shares and made the pay TV...

Indonesia’s Qoala Acquires Thai Insurtech FairDee

JAKARTA (TheInsiderStories) - Qoala, an insurance technology (insurtech) firm has acquired Thai-based insurtech company FairDee with undisclosed amount, the Indonesian company announced today. This adds its...

Indonesia’s Tower Bersama Prepares US$278M for Acquisition

JAKARTA (TheInsiderStories) - Telecommunication provider, PT Tower Bersama Infrastructure Tbk (IDX: TBIG) allocated Rp4 trillion (US$277.78 million) to acquire other telecommunication towers in this year, said...

Indonesia’s Mega Corpora Officially Hold 73.71% Shares of Bank Harda

JAKARTA (TheInsiderStories) - Indonesian tycoon, Chairul Tanjung, through is financial armed, PT Mega Corpora, has officially hold 73.71 percent of PT Bank Harda Internasional Tbk (IDX:...

Sinarmas Land Acquires Three Indonesian Property Companies

JAKARTA (TheInsiderStories) - Sinarmas Land Ltd., a Singapore-based investment firm under Sinar Mas Group, has acquired three property companies in Indonesia worth Rp347.76 billion (US$24.84 million),...

Indonesia’s Warung Pintar Acquires Bizzy Digital for US$45M

JAKARTA (TheInsiderStories) - Warung Pintar, a micro retail technology startup firm, today announced the acquisition of Bizzy Digital, an integrated logistics and distribution supply chain B2B...

Salim Group Buys Bank Mega Shares for US$200M

JAKARTA (TheInsiderStories) - The Salim Group, through a life insurance and pension fund, PT Indolife Pensiontama, purchased over than six percent shares of PT Bank...

Indonesia’s Aneka Gas Buys the Parent’s Asset for US$49M

JAKARTA (TheInsiderStories) - Local producer, PT Aneka Gas Industri Tbk (IDX: AGII), through PT Samator Gas Industri, bought fixed assets and lease transactions for...

Indonesia’s Tanoesudibjo Acquires Wall Street’s Auerbach Grayson

JAKARTA (TheInsiderStories) - Indonesian tycoon, Hary Tanoesoedibjo, through PT MNC Kapital Indonesia Tbk (IDX: BCAP) reached an agreement to acquire a majority stake in Auerbach...

Indonesia’s GoJek Acquires 22% Shares of Bank Jago for US$159M

JAKARTA (TheInsiderStories) - Indonesian tech firm, GoJek, announced today has acquires 22.14 percent of the local lender, PT Bank Jago Tbk (IDX: ARTO), for Rp2.25 trillion...

Indonesia’s Waresix Acquires a Logistic Startup Trukita

JAKARTA (TheInsiderStories) - Waresix, an Indonesian young and fast growing logistics technology platform, has acquired Trukita, a logistics technology start-up that offers freight and trucking services...

Indonesia’s Indika Energy Jack Up Nusantara Resources Shares

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Indika Energy Tbk (IDX: INDY) increased the share ownership portion directly and indirectly in Nusantara Resources Ltd., (NUS) to...

Indonesia’s Pertamina Seeks New Partners in Rokan Block

JAKARTA (TheInsiderStories) - The national state-owned oil and gas company, PT Pertamina, is looking for potential partners in the Rokan Block, Riau, which will take over...

Indonesia’s Pakuwon Buys Duniatex Assets for US$96M

JAKARTA (TheInsiderStories) - The developer, PT Pakuwon Jati Tbk (IDX: PWON), through its subsidiary, PT Pakuwon Permai, purchased three property assets owned by Duniatex Group with...

Australia’s Nickel Mines Finalizes the Acquisition Angel Nickel Project

JAKARTA (TheInsiderStories) - Australian miner, Nickel Mines, has signed a sales and purchase agreement with its partner, Shanghai Decent Investment (Group) Co., Ltd., to acquire a...

Mega Corpora Acquires 26% Bank Bengkulu Shares

JAKARTA (TheInsiderStories) - PT Mega Corpora owned by Indonesian tycoon, Chairul Tanjung, will become the new shareholder of PT Bank Bengkulu, after acquired 26 percent...

Indonesia’s Astra Controls Astra Life After Acquires Another 49.99% Shares

JAKARTA (TheInsiderStories) - PT Sedaya Multi Investama, the unit of conglomeration firm, PT Astra International Tbk (IDX: ASII) has acquired 49.99 percent stake of PT Astra Aviva Life...

Chairul Tanjung Acquires Majority Stake of Bank Harda

JAKARTA (TheInsiderStories) - PT Mega Corpora, the company owned by Indonesian tycoon, Chairul Tanjung, announced has acquired 73.71 percent shares of PT Bank Harda Internasional...

Bangkok Bank Absorbs Bank Permata’s Shares US$270M from Public

JAKARTA (TheInsiderStories) - The Bangkok Bank Public Co. Ltd., (Bangkok Bank) has run tender offer of Indonesian lender, PT Bank Permata Tbk (IDX: BNLI) shares at...

Indonesia’s Indika Acquires Masmindo Resources Shares for US$15M

JAKARTA (TheInsiderStories) - A subsidiary of PT Indika Energy Tbk (IDX: INDY) through its unit, PT Indika Mineral Investindo (IMI), entering gold businesses by acquires 25...

Kimberly-Clark to Acquire Softex Indonesia for US$1.2B

JAKARTA (TheInsiderStories) - United States firm' Kimberly-Clark Corporation (NYSE: KMB) has signed a definitive agreement to acquire PT Softex Indonesia, a fast-growing Indonesian personal care market...

Widjaja Family Bought Ultrajaya Shares from Salim for US$136M

JAKARTA (TheInsiderStories) - Sabana Prawira Widjaja, the grandson of the founder of PT Ultrajaya Milk Industry & Trading Company Tbk (IDX: ULTJ),  bought 1.3...

Singapore’s Rejuve Global Becomes Pyridam Farma Shareholder

JAKARTA (TheInsiderStories) - Rejuve Global Investment Ptd. Ltd., have acquired the shares of PT Pyridam Farma Tbk (IDX: PYFA) after acquiring 47.61 percent ownership...

Taiwanese Cathay Financial Will Control 40% Bank Mayapada’s Shares

JAKARTA (TheInsiderStories) - Management of local lender, PT Bank Mayapada Internasional Tbk (IDX: MAYA) said Cathay Financial Holding will enlarge its portion of ownership...

Korea Developmen Bank Acquires 80.65% of Tifa Finance’s Shares

JAKARTA (TheInsiderStories) - The Korean Development Bank (KDB) took over the majority stocks of Indonesian leasing firm, PT Tifa Finance Tbk (IDX: TIFA), it...

Indonesia’s Taspen Life Acquires Jiwasraya Putra for US$183M

JAKARTA (TheInsiderStories) - State insurance firm, PT Taspen Life will acquires 70 percent shares of PT Asuransi Jiwasraya Putra for Rp2.6 trillion (US$183.09 million), said the...

After Get Injections from Sinarmas, CCB Indonesia’s Rating Jumped to AAA

JAKARTA (TheInsiderStories) - Sinarmas Group plans to become a shareholder of PT Bank China Construction Bank Indonesia Tbk (IDX: MCOR) or CCB Indonesia. This...
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