PP Properti Books IDR2.1Trn in 1H18 Marketing Sales
PP Properti, Tbk (PPRO:IJ) has booked IDR2.1Trn in marketing sales for 1H18, equals to 55% of its FY18 target of IDR3.8Trn. The management stated that these sales majorly come from bulk sales, one of which was by Arvada Investama that bought 3 apartment towers valuing IDR2.1Trn on earlier this May. Furthermore, the company plans to.
Read More...Sariguna Primatirta to Conduct Stock Split Effective Today
Sariguna Primatirta, Tbk (CLEO:IJ) is going to conduct stock split with 1:5 ratio, effective on July 3 2018. Meaning, the company now has 11Bn shares from previously 2.2Bn shares and the share will now be traded from IDR244 per share from previously closed at IDR1,220 per share in Monday 2 July 2018. Sariguna Primatirta Net.
Read More...Mitra Pinasthika Completes USD436Mn Divestments
Mitra Pinasthika Mustika, Tbk (MPMX:IJ) has completed 100% divestment for its lubricant business, Federal Karyatama, to Esso Petroleum Company Limited and Exxon Mobil UK Limited. The value of this divestment reaches USD436Mn. After this divestment, the company would still be cooperating with Federal Karyatama through its subsidiary as its main business partner. Other than that,.
Read More...Multipolar Plans to Raise IDR503.2Bn from Rights Issue
Multipolar, Tbk (MLPL:IJ) is planning to issue 4.57Bn new shares in right issue at IDR110/share. From this rights issue action, existing shareholders will get five new shares for every 11 shares held. About 82% of the proceeds will be used to maintain ownership in Matahari Putra Prima, Tbk (MPPA:IJ), 13% for investment in Matahari Putra.
Read More...Mayora Indah to Buy Land Sales for Factory Development
Mayora Indah, Tbk (MYOR:IJ) is planning to buy land sales in Balaraja, Banten, whose currently owned by Tedjopratama Mandiri Gemilang and Lubuk Permata. This company plans to utilise this land for factory development regarding its plan to add three lines of biscuit products and 15 lines of water products. Through this new factory development, the.
Read More...Matahari Putra Prima to Raise IDR806.7Bn from Right Issue
Matahari Putra Prima, Tbk (MPPA:IJ) is planning to offer 2.15 Bn new shares at IDR375/share, according to stock exchange filing on Monday, July 2 2018. Existing shareholders will get two new shares for every five shares held. From this right issue, about 93.7% of the funds will be used for the the company’s working capital.
Read More...Waskita Karya Increases Waskita Modern’s Capital to IDR240Bn
Waskita Karya, Tbk (WSKT:IJ) through its subsidiary Waskita Karya Realty increases its share capital to Waskita Modern Realty. Through this, Waskita Karya still controls 240.76 Mn shares or 60% of Waskita Modern Realti’s shares which amounted to IDR240.76Bn, whereas the remaining 40% of Waskita Modern Realti capital’s is owned by Bagasasi Inti Pratama of IDR160.5Bn..
Read More...Bank Negara Indonesia Sees Loan Rises to 13%-14% YoY in 1H18
Bank Negara Indonesia, Tbk (BBNI:IJ) lending has improved slightly compared to same period a year ago. The company maintains loan growth estimate at 13%-15% YoY in 2018, and seeks to adjust deposit rate, in line with recent hike of Bank Indonesia’s policy rate. Furthermore, following policy relaxation by Central Bank LTV, the company is ready.
Read More...Bank Bukopin Aims to Raise IDR1.55Trn from Right Issue
Bank Bukopin, Tbk (BBKP:IJ) plans to hold right issue by issuing 2.73Bn new shares at IDR570/shares. The prospectus stated that the majority shareholder, Bosowa Corporation will not take part in the right issue while KB Kookmin Bank will act as standby buyer and should purchase 2.56Bn of new shares that translates to 22% stake in.
Read More...Perusahaan Gas Negara Officially Acquires 51% of Pertamina Gas’s Shares
Perusahaan Gas Negara, Tbk (PGAS:IJ) has officially acquired 51% of Pertamina Gas (Pertagas)’s shares after signing conditional sales purchase agreement (CPSA) on June 29, 2018. According to Deputy of Mining Services Business, Strategy Industry, and Media, the valuation of this acquisition won’t be more than USD2.5Bn. However, the details of the transaction will be announced.
Read More...