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Eka Tjipta’s Son Charges Hundreds of Trillion Inheritance

JAKARTA (TheInsiderStories) - Freddy Widjaya, son of Sinar Mas Group founder Eka Tjipta Widjaja, filed a lawsuit against his five stepbrothers related to the...

Anak Eka Tjipta Tuntut Warisan Ratusan Triliun

JAKARTA (TheInsiderStories) - Freddy Widjaya, anak dari pendiri Sinar Mas Group, Eka Tjipta Widjaja, mengajukan gugatan terhadap lima kakak tirinya terkait hak warisan atau...

Indonesia’s Golden Energy Ready to Increases Shares through Rights Issue

JAKARTA (TheInsiderStories) - Sinar Mas Group' listed mining company, PT Golden Energy Mines Tbk (IDX: GEMS) offers as many as 588.24 million new shares...

Indonesia’s Bumi Serpong Seeks Fresh Fund from Private Placement

JAKARTA (TheInsiderStories) - PT Bumi Serpong Damai Tbk (IDX: BSDE) plans to increase capital around Rp1.5 trillion (US$107.14 million) through a private placement, said the...

Indonesia’s Bumi Serpong Damai Plans to Refinance Debt

JAKARTA (TheInsiderStories) -- Indonesian property developer, PT Bumi Serpong Damai Tbk (IDX: BSDE), through its unit, Global Prime Capital Pte. Ltd., plans to offer a senior notes....

Indonesia’s Dian Swastatika Build Coal-fired Power Plant in 2020

JAKARTA (TheInsiderStories) - PT Dian Swastatika Sentosa Tbk (IDX: DSSA) aimed to build coal-fired power plant in 2020, local media reported on Wednesday (12/11)....

Indonesia’s Golden Energy Conducts Rights Issue to Meet Free Float Rule

JAKARTA (TheInsiderStories) - Indonesian miner, PT Golden Energy Mines (IDX: GEMS) plans to conduct right issue to increase the public ownership at the Indonesia...

Indonesia’s Indah Kiat Buyback MTN, Prepares US$304.96M

JAKARTA (TheInsiderStories) - The Sinar Mas Group unit, PT Indah Kiat Pulp & Paper Tbk (IDX: INKP) has prepared funds of Rp4.3 trillion (US$307.14 million)...

Indonesia’s Bumi Serpong Damai Drops Buyback Program

Jakarta (TheInsiderStories) - Indonesia' PT Bumi Serpong Damai Tbk (IDX: BDSE) stop the tender offer of global notes amid the lower demands, said the...

Indonesia’s Sinarmas Unit Launches Its US$732M First REIT

JAKARTA (TheInsiderStories) - Indonesia' investment management company, PT Sinarmas Asset Management listed Simas Plaza Indonesia real estate investment trust (REIT) products with a total...

EV Growth Closes First Fund at US$200M

JAKARTA (TheInsiderStories) - Singapore-headquartered venture capital (VC) firm EV Growth has hit the close of its inaugural fund at US$200 million (Rp2.9 trillion), exceeding...

Indonesia’s APP Invests US$3.5B to Build Paper Mill in India

JAKARTA (TheInsiderStories) - One of the world’s largest pulp and paper companies, Asia Pulp & Paper (APP), will invest US$3.5 billion to build a paper...

Japan’s Oji, Sinar Mas Set Up Corrugated Container Plant in Indonesia

JAKARTA (TheInsiderStories) - PT Purinusa Ekapersada, unit of Indonesian conglomeration firm Sinar Mas Group, set up new corrugated container factory in Bekasi with Japan' Oji...

Indonesia’s Smartfren Seeks Investor to Strengthen Capital

JAKARTA (TheInsiderStories) - PT Smartfren Telecom Tbk (IDX: FREN), a unit of Sinar Mas Group, will offer 10 percent shares through private placement scheme. Along with...

Sinar Mas, East Ventures, Japan’s YJ Capital Set up EV Growth

JAKARTA (TheInsiderStories) - East Ventures (EV) is collaborating with Tokyo's based YJ Capital Inc. and SMDV --venture capital (VC) firm under Sinar Mas Group --,...