Search result for: "acquisition"

As well as INCO Synergy with MIND ID. Mining holding of State-Owned Enterprises (SOEs), namely Mining Industry Indonesia (MIND ID). Is just one step away from controlling 20% ​​of Vale Indonesia Tbk (INCO IJ) shares. MIND ID and the majority shareholders of INCO have sign definitive divestment agreements. This means that 20% of INCO’s shares.

As well as, KINO Liquidates Subsidiaries. Kino Indonesia Tbk (KINO IJ) has liquidated joint ventures of Kino Malee Indonesia and Malee Kino (Thailand) Company Limited. This is done as a form of streamlining the organizational structure and changes in the company’s business capital. It was approved based on the circular decision of the shareholders in.

As well as, Banking Digital Transformation. Banking industry will accelerate the stages of the plan that have been prepare in the direction of digital transformation banking services to face the new normal conditions of the Covid-19 pandemic. Bank Rakyat Indonesia Tbk (BBRI IJ) has compile a road map to improve digital services for customers in.

XL Axiata 5G Network. As well as, XL Axiata Tbk (EXCL IJ) mentioned that the process of working on the 5G and Internet of Thing (IoT) XL Axiata project is still ongoing amid the pandemic. Previously, the Ministry of Communication and Information Technology (Kemenkominfo) stated that it had encountered obstacles in working on cellular operator.

Fresh Fruit Bunches Production Decreases. Covid-19 pandemic that occur in various parts of the world could cause a decrease in demand for crude palm oil (CPO). As well as its selling price. However, along with the lockdown opening in a number of countries. Astra Agro Lestari Tbk (AALI IJ) record an improvement in CPO requests..

Acset Strategy Reduce Losses. The Management of Acset Indonusa Tbk (ACST IJ) is developing a strategy to improve the financial performance that decline in 1Q20. The subsidiary of Astra International Tbk (ASII IJ) Group also wants to reduce the value of losses recorded since last year. Corporate Secretary of Acset, Maria Cesilia Hapsari said that.

Tiphone Selective Default. The cellular vouchers distributor company Tiphone Mobile Indonesia Tbk (TELE IJ) fail to pay interest on a bank syndicate loan. That matures in March 2020. That is why, the Indonesia Credit Rating Agency (Pefindo) downgraded Tiphone. From BB+ to Selective Default. Based on Pefindo, Tiphone has a syndicate loan from Standard Chartered.

PP Presisi New Contract. The most prominent heavy equipment construction and rental service provider company with the best quality products in Indonesia. PP Presisi (PPRE) won a new contract of IDR 424 billion in the first quarter of 2020. The corona virus pandemic has had a significant impact on the performance of PT PP Presisi.

Bayan Resources Stop Operations of Three Subsidiaries. Coal mining companies cannot be separated from the impact of the Covid-19 pandemic. One of them is experience by Bayan Resources Tbk (BYAN IJ), which had to stop the operations of its subsidiary entities. A number of BYAN subsidiaries which temporarily halt production operations are Bara Tabang locate.

Pandemic Impact on KMI Wire. Issuers engage in the manufacturing sector have also been affect by the Corona outbreak (Covid-19). As experience by KMI Wire & Cable Tbk (KBLI IJ). Launching information disclosure on the Indonesia Stock Exchange (IDX) website. The Covid-19 virus has an impact on the shutdown of some of the cable issuer’s.