Search result for: "acquisition"

PT Red Planet Indonesia, Tbk (PSKT IJ) is acquisition 99.95% stake (worth IDR40bn) in PT Karya Bangun Hotelindo, expected to expand its hotel business in the future. Karya Bangun Hotelindo owns 2,500 m2 of land, and its asset is potentially for Red Planet to build new hotel. After this acquisition, Red Planet and Crio Indonesia.

Fitch Ratings appoints PT Wijaya Karya, Tbk (WIKA IJ), one of the largest contractors in Indonesia, long term issuer default rating (IDR) of BB and national long term rating of AA(idn). Both ratings are on stable outlook. WIKA reported robust growth in 1H2017 by posting IDR9.48trn, higher than same period last year.

PT HD Capital, Tbk (HADE IJ) acquires a mini hydro power plant company named PT Panca Sinergi Perkasa, worth IDR382.32bn. For the record, Panca Sinergi Perkasa produce 75 Megawatt (MW) of electricity, spread in Java, Sumatra, and.

PT Ciputra Development, Tbk (CTRA IJ), company with large landbank at prime locations to support future growth, issues Medium Term Notes (MTN) worth SGD150mn with interest rate at level 4.85% per annum, and will be due in 2021. The proceed will be used for the redemption of company’s MTN issued in 2015, debt refinancing and.

PT Kimia Farma, Tbk (KAEF IJ) is issuing medium term notes (MTN) worth IDR1trn, which has permitted from the Ministry of SOEs (State Own Enterprise). MTN’s coupon at level 8.1%, and AA- rating received by PT Pemeringkat Efek Indonesia (Pefindo). For the record, the company will used the proceed to fund its expansion as well.

PT Wicaksana Overseas International, Tbk (WICO IJ), engaging and trading company, is selling its assets to generate cash amidst company’s capital expenditure. The company divert its 11 assets in a form of warehouse, land and shop house, totaling IDR223.60bn, to its affiliated namely PT Wira Logitama Saksama and PT Jakarta.

PT Siloam International Hospitals, Tbk (SILO IJ), the fastest-growing Indonesian hospital operator, plans to raise IDR3.09trn (USD226mn) through sell its 352.2mn new shares, for a business expansion approved by shareholders. This company’s new shares, equivalent to 25% of its entity. Siloam International Hospital will expand its business through direct, and indirect investment, including acquisitions, asset.

PT Resources Alam Indonesia, Tbk (KKGI IJ), through its subsidiary PT Insani Baraperkasa, has spent around USD 1.34 mn for mining exploration in Handil Bakti sub-block area until August 2017. Besides geological mapping and land acquisition, the company also plan to conduct some exploration in other mining blocks, such as Loajanan.

PT Ancora Indonesia Resources, Tbk (OKAS IJ) acrquired Indotan Lombok Pte Ltd worth USD2mn, to increase Ancora’s economic value for the long-term. On the other hand, the asset will be optimized through synergy among the company’s subsidiary. For the record, Indotan Lombok Pte Ltd has 90% stake in PT Indotan Lombok Barat Bankit, the owner.

PT Bank Rakyat Indonesia (Persero), Tbk (BBRI IJ) targets growth up to 12% in customer in 2017. To enlarge the market, company focus reaching areas that are rarely reached by competitors. Company is also opens new market access by utilizing BRILink agents, and BRI ship terraces to serve customers in remote.