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Shentonwire: Indonesia’s Indofood Cancels Takeover Bid on IndoAgri’ Share

JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX: INDF), the business arm of the Salim Group, canceled takeover bid for Indofood Agri Resources...

Indonesia’s Indofood Revises IndoAgri’s Price Offer

JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX: INDF), business arm of the Salim Group, revised the price of a conditional cash offer...

Indonesia’s Indofood Prepares US$486M to Expand the Businesses in 2019

JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX: INDF), an Indonesian multi-national company, allocated Rp7 trillion (US$486.11 million) capital expenditure during 2019, said the company on...

Indonesia’s Indofood Extends IFAR Share Sales to June 25

JAKARTA (TheInsiderStories) – Indonesian food and beverage producer, PT Indofood Sukses Makmur Tbk (IDX: INDF) extended the purchase period of Indofood Agri Resources Ltd...

Shentonwire: Indonesia’s Indofood to Buy Indofood Agri Shares for US$289M

JAKARTA (TheInsiderStories) – Indonesian food and beverage producer, PT Indofood Sukses Makmur Tbk (IDX:INDF) offered to acquire the remaining Singapore' Indofood Agri Resources Ltd. shares...

Shentonwire: Singapore’s Hyflux Ends the Restructuring Agreement with SM Investments

JAKARTA (TheInsiderStories) – Singapore water and electricity producer, Hyflux Ltd. said to end the investment proposal for the "white knight" from the consortium of...

Indonesia’s Salim, Medco Invests US$530M into Singapore Hyplux

JAKARTA (TheInsiderStories) - Salim Group joined with Medco Group expand their businesses to Singapore. Its unit, Singapore based SM Investments Pte Ltd announced has signed a binding agreements to...

Salim Group Expanded Its Sugar Business to Brazil.

JAKARTA (TheInsiderStories) - Indofood Agri Resources Ltd (IndoAgri) through its subsidiary IndoAgri Brazil joined with JF Investimentos S.A., agreed to form a new joint venture Canapolis,...

Metro Pacific, Nusantara Infrastructure to Invest US$400 million in Indonesia

JAKARTA (TheInsiderStories) - PT Nusantara Infrastructure Tbk (IDX:META) plans to allocate around US$400 million to invest in Indonesia’s toll road infrastructure projects in 2018-2019,...

Salim Group, Malaysian CAB Cakaran Set Up Poultry Farming in Indonesia

JAKARTA (TheInsiderStories) - Indonesia conglomerate company Salim Group through its unit KMP Private Limited, an investment holding company based in Singapore, set up a joint-venture...

Salim Group-Lotte Commits US$100 Million to iLotte

JAKARTA (TheInsiderStories) - Indonesia's Salim Group conglomerate has established a joint venture with Lotte Group, South Korea’s fifth-largest conglomerate, looking to expand its retail business...