Search result for: "MUFG"

Mitsubishi UFJ FInancial Group (MUFG) would overwhelm 40.69% shares of Bank Danamon, Tbk (BDMN IJ) after the acquisition of Bank Nusantara Parahyangan, Tbk (BBNP.

Mitsubishi UFJ Financial Group (MUFG) agreed to buy an initial USD1.2bn stake in PT Bank Danamon, Tbk (BDMN IJ), to achieve 19.9% stake in the local bank. The Japanese bank reached an agreement with Temasek Holdings Pte and units affiliated with Singapore’s state investor. The deal values Danamon shares at IDR8,323 per share, 39% more.

Mitsubishi UFJ Financial Group Inc (MUFG Group), a holding of PT Bank Nusantara Parahyangan, Tbk (BBNP IJ), allocated fund up to 100 billion yen or equivalent to USD893.4mn, for banks acquisition in Indonesia. Company’s acquisition plan in Indonesia is part of inorganic growth in Asia and United States, since business in Japan are getting saturated.

A subsidiary of the Panin Group, PT Paninvest Tbk (PNIN), explained that the company currently has not obtained a work contract in the tourism sector due to difficulties in obtaining competent human resources (HR) and colleagues in this field. This was revealed in Paninvest’s response letter to questions from the Indonesia Stock Exchange (IDX), Monday.

Shipping issuer PT Temas Tbk. budgeted capital expenditure (capex) worth Rp350 billion this year. Temas Director Faty Khusumo explained that the Rp350 billion capex will not only be used for fleet expansion but also includes ship and equipment.

As well as, Bank Danamon Positive Performance. Performance of banking in the first quarter of 2020 is still positive. Although in the next quarter the threat to banks due to the Coronavirus. Positive results in the first quarter occurred at Bank Danamon Indonesia Tbk (BDMN IJ). This bank managed to achieve a net profit of.

DBS Acquisition of Bank Permata. As well as, DBS Group, the largest bank in Singapore, seems to have begun to recalculation plans for corporate action by acquisitions. The Bank which is also listed as the largest in Southeast.

Mitrabara Adiperdana Target Optimistic. As well as, Mitrabara Adiperdana Tbk (MBAP) is endeavoring to achieve the coal production target this year. By the end of the year, MBAP was able to produce 4 million tonnes of.

Giant Conglomerations Compete on Fintech Lending. The conglomerate network in the financial technology (fintech) lending is increasingly spurs. Moreover, giant conglomerations in Indonesia are participating in the online lending.

INDF: Add Ownership 6.7 Million Shares in IFAR. Indofood Sukses Makmur Tbk (INDF), through disclosure information, announced the purchase of Indofood Agri Resources Ltd (IFAR) shares. Moreover, the company made a stock purchase on July 2 and 3,.