Modern’s Sold its Assets in East Java Worth IDR100Bn
PT Modern International, Tbk (MDRN IJ) sold its land and building asset at Jalan Industri Rungkut Raya No. 2 Surabaya, East Java worth IDR100bn. The asset was bought by PT Golden Tulip Pratama, and its revenue will be used to repay Modern’s bank loan worth IDR55bn to PT Bank CIMB Niaga, Tbk (BNGA.
Read More...CIMB Niaga Confiscates Modern’s Asset Collateral in the Bank
PT Bank CIMB Niaga, Tbk (BNGA IJ) confiscated the asset of PT Modern International, Tbk (MDRN IJ) and its subsidiary namely PT Modern Sevel Indonesia, which were collateral in the bank worth IDR124bn. Its collateral was confiscated by the bank, is to repay Modern’s loan since shutting down 7 Eleven in last June.
Read More...WICO’s Food and Beverages Sales Growth Significant
PT Wicaksana Overseas International, Tbk (WICO IJ), a wholesale and distribution company, reported a significant food and beverages sales growth to IDR462.24bn in 1H2017, compare to same period last year IDR389.58bn. On July, company entered into Arirang trademark diversion by the company with PT Jakarana Tama, an affiliated company with the selling price of.
Read More...Jasa Marga Implements Open Transaction in Jagorawi Toll
Jasa Marga (Persero), Tbk (JSMR IJ) implements its Jakarta-Bogor-Ciawi Toll Road (Jagorawi) with an open Transaction System payment, starting September 8, 2017. While, the Toll Gate Cimanggis Utama and Cimanggis Cibubur Utama transactions will be removed. For the record, the transaction system with open transaction system is Cawang-Taman Mini/ Dukuh segment with the evenly distributed.
Read More...Murabahah Margin Significantly Supported Adira Finance’s Revenue
Adira Dinamika Multi Finance, Tbk (ADMF IJ) reported its revenue worth IDR4.38trn in 1H2017, came from consumer financing worth IDR2.32trn, followed by murabahah margin IDR1.16trn, finance leased worth IDR59.40bn, and others IDR833.07bn. While consumer financing as the largest contribution, but its segment decreased compared same period 2016. Total income of the company worth IDR681.48bn. During.
Read More...Pan Brothers’s Profit Decrease
Pan Brothers, Tbk (PBRX IJ), is one of the largest garment manufacturers in Indonesia, reported its profit worth USD4.47mn in 1H2017, or lower than same period last year USD6.81mn. The decrease of the profit was influenced from the increase of cost of good sold, and selling expenses. During 1H2017, company’s cost of good sold and.
Read More...BTN-Jasindo Life Lauched in December 2017
Bank Tabungan Negara (Persero), Tbk (BBTN IJ) and Asuransi Jasa Indonesia establish a life insurance company, namely BTN-Jasindo Life in early December 2017. Insurance company with initial capital worth IDR300bn, had its 70% is contributed by Bank BTN as majority controlling, and the remaining 30% is owned by Jasindo as a minority shareholder. For the.
Read More...Ciputra Maintains its Revenue
Ciputra Development, Tbk (CTRA IJ), company’s most diversified in terms of target markets, products offered and project locations, reported its sales from property segment business worth IDR2.01trn during 1H2017, slightly down compare same period 2016 worth IDR2.11trn. Company’s sales performance was impacted from all business segment during this period. During 1H2017, the largest sales contribution.
Read More...Surya Esa Will Obtain Additional Funds up to IDR600Bn
Surya Esa Perkasa, Tbk (ESSA IJ) is planning to issue as much as 3 billion new shares with par value of IDR10 per share, or equivalent up to IDR600bn. The proceed will be used to increase investment in its subsidiary, namely Panca Amara Utama for completion of PAU Ammonia Project, and for operational expenses. Meanwhile,.
Read More...Mega Property Plans to Right Issue
Mega Manunggal Property, Tbk (MMLP IJ) is plan to issue its 3,076,913,900 shares in the right issue in October 2017, with price at level IDR100 per share. Company’s right issue is around 35% of the capital issued, and paid up capital after the right issue’s implementation. For the record, the authorized capital was worth IDR1.5trn,.
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