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Indonesia’s Golden Energy Avoids Potential Delisting from IDX

JAKARTA (TheInsiderStories) - Publicly listed company, PT Golden Energy Mines Tbk (IDX: GEMS) avoid the potential delisting from Indonesia Stock Exchange (IDX) after the shareholders, Golden Energy...

Indonesia’s Indah Kita Slices the Bond Issuances to US$227M

JAKARTA (TheInsiderStories) - Unit of Sinar Mas Group, PT Indah Kiat Pulp & Paper Tbk (IDX: INKP) sliced the bond issuance from Rp3.55 trillion to Rp3.25...

Indonesia’s Sinar Mas Agro Offers Bond US$59M to Pay Debt

JAKARTA (TheInsiderStories) - Agribusiness company, PT Sinar Mas Agro Resources and Technology Tbk (IDX: SMAR) offered domestic bond around Rp825 billion (US$58.92 million) to pay debt,...

Indonesia’s Smartfren Prepares Investment US$300M in 2021

JAKARTA (TheInsiderStories) - After get new shareholder, telco operator, PT Smartfren Telecom Tbk (IDX: FREN) prepared capital expenditure around US$300 million in this year, said finance...

China Datang Acquires 75% Shares of Sinarmas Power Plant for US$394M

JAKARTA (TheInsiderStories) - China Datang Corp. Ltd., through Datang Overseas (Hong Kong) Energy Investment Co. Ltd. announced has acquired 75 percent shares of PT DSSP Power...

Indonesia’s Indah Kiat Seeks US$251M from Bond Market

JAKARTA (TheInsiderStories) - Indonesian paper company, PT Indah Kiat Pulp & Paper Tbk (IDX: INKP) has planned to releases local bond up to Rp3.55 trillion (US$251.77...

To Avoid Delisting, Golden Energy Mines Meets Free Float Shares

JAKARTA (TheInsiderStories) - To prevent delisting from the Indonesia Stock Exchange (IDX), the coal miner, PT Golden Energy Mines Tbk (IDX: GEMS) finally to releases a new...

Indonesia’s Dian Swastatika to Inject Capital US$284M in Two Units

JAKARTA (TheInsiderStories) - Sinar Mas Group' energy and infrastructure firm, PT Dian Swastatika Sentosa Tbk (IDX: DSSA) plans to inject capital over than Rp4 trillion (US$283.69 million)...

Indonesia’s Sinar Mas Multiartha Issues Bonds US$59M

JAKARTA (TheInsiderStories) - Financial firm, PT Sinar Mas Multiartha Tbk (IDX: SMMA), has plans to releases a local bonds with a maximum target of Rp875...

Dian Swastatika Converts US$175M of MCBs with Smartfren Shares

JAKARTA (TheInsiderStories) - Unit of Sinarmas Group, PT Dian Swatatika Sentosa Tbk (IDX: DSSA) exchanged the mandatory convertible bond (MCB) with 26 billion new series C...

Indonesia’s Smartfren Telecom Converts MCB US$229M

JAKARTA (TheInsiderStories) - Indonesia' telco company, PT Smartfren Telecom Tbk (IDX: FREN) will exchange the mandatory convertible bond (MCB) into Series C shares on Sept....

Indonesia’s Indah Kiat Offers Rupiah Bonds US$123M

JAKARTA (TheInsiderStories) - Indonesian paper company, PT Indah Kiat Pulp & Paper Tbk (IDX: INKP) plans to offers Rupiah bond Rp1.8 trillion (US$123.71 million), said the...

Indonesia’s Sinarmas has Potential to Adds Smartfren Shares

JAKARTA (TheInsiderStories) - Sinar Mas Group has potential to increases telecommunication firm, PT Smartfren Telecom Tbk (IDX: FREN) shares through the bond conversion with...

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 --,...
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