Corporate Actions Round Up December 9, 2022

PT Pupuk Kalimantan Timur plans to build a new fertilizer plant in Papua and West Papua worth US$2 billion after its initial public offering in 2023.

PHE Gets Ready for a Giant IPO Next Year

The State-Owned Enterprises Ministry expects PT Pertamina Hulu Energi to hold an initial public offering in 2023. With a valuation of US$100 billion, PHE may raise US$10-15 billion from the IPO.

Corporate Actions Round-Up December 8, 2022

PT United Tractors Tbk's subsidiary PT Danusa Tambang Nusantara acquired shares in a nickel mining company and a nickel smelter company for Rp 4.28 trillion.

Latest Rumor: Binance to Acquire Tokocrypto

The world’s largest crypto exchange Binance reportedly plans to acquire Tokocrypto, a positive signal for crypto exchange development in the country.

Corporate Actions Round-Up December 7, 2022

PT Trans Airways, a business entity owned by Chairul Tanjung, a shareholder of PT Garuda Indonesia Tbk (GIAA), would not exercise his rights or transfer his rights in the national airline's rights issue.

Citibank Singapore, BlackRock Collect GOTO's Shares

Citibank Singapore emerged on the list of PT GoTo Gojek Tokopedia Tbk's shareholders with a 5.8 percent stake on Dec 2. Many global investment companies have even accumulated GOTO shares since the early second semester of this year.