Salim's Gallant Venture Bags US$200 Million Loan
SINGAPORE, Indonesia Today - Salim Group's Gallant Venture Ltd has obtained US$200 million term loan facilities arranged by Bank CIMB-Niaga.
What People Say if SBY Pursues a Film Career?
JAKARTA, Indonesia Today – Public discussed intensely about a report that President SBY will starting his film career in a…
Bank Permata Posts 14% Profit Growth in 2011
JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) booked profit of Rp1.16 trillion in 2011, grew 14% compared to…
Demand Weakness & Fuel Prices Force Singapore Airlines Cargo to Cut 20% Capacity
SINGAPORE, Indonesia Today - Singapore Airlines Cargo has cut freighter capacity by 20 percent in response to continuing weakness in…
Andi Mallarangeng Denies Allegations in Court
JAKARTA, Indonesia Today - "I don't know", "I'm not sure", "I forgot", "No", "Never" were the main answers of Andi…
Aberdeen Invests in Aceh Gold Projects
TORONTO, Indonesia Today - Global investment and merchant banking company, Aberdeen International Inc., assessed its investment in East Asia Minerals…
WOM Finance Profit Crashed 96%
JAKARTA, Indonesia Today - Consumer financing firm, PT Wahana Ottomitra Multiartha Tbk (WOMF), subsidiary of Bank International Indonesia, reported net…
Coca-Cola Amatil Posts 17.5% Growth in Indonesia & PNG
SYDNEY, Indonesia Today - Coca Cola Amatil Limited reported earnings before interest, tax, and significant items in Indonesia and Papua…
Wilmar & ADM Mull Global Partnership in Fertilizer, Ocean Freight & Refining
DECATUR, Indonesia Today - Archer Daniels Midland Company (ADM) and Wilmar International Ltd mull global partnership in fertilizer purchasing and…
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Garuda Sugardo Resigns as CEO of TiphoneJAKARTA, Indonesia Today - Garuda Sugardo has resigned as president director of PT Tiphone Mobile Indonesia (TELE) Tbk on January 24... People | Wednesday, 22 February 2012 Read more |
Talisman & Mitsubishi Join Forces for Papua New Guinea Oil-Gas ProjectsCALGARY, Indonesia Today - Talisman Energy Inc and Mitsubishi Corporation have entered into strategic joint venture for the development of ni... Energy | Wednesday, 22 February 2012 Read more |
Sherritt to Commence Drilling at Sulawesi Metal Project in 2HTORONTO, Indonesia Today - Sherritt International Corporation plans to commence its resource drilling program for Sulawesi metal project in second-half (2... Mining | Wednesday, 22 February 2012 Read more |
BII Profit Jumps 45% on Higher Interest IncomeJAKARTA, Indonesia Today - PT Bank International Indonesia (BII) Tbk (BNII), a subsidiary of Maybank, booked consolidated net profit of ... Banking | Wednesday, 22 February 2012 Read more |
Nazaruddin Demands Court to Summon Anas as WitnessJAKARTA, Indonesia Today – A defendant and former treasurer of President SBY’s Demokrat Party, Muhammad Nazaruddin, via his lawyer, Hotman ... Corruption | Wednesday, 22 February 2012 Read more |
JAKARTA, Indonesia Today - PT Sinar Mas Multiartha Tbk (SMMA), holding of Sinarmas Group, targets to raise US$300 million fund from non pre-emptive rights issue, or private placement, Investor Daily reported this morning.
Finance Asia reported on its website that Sinar Mas Multiartha had appointed Deutsche Bank and UBS as bookrunners for the stake sale.
Kurniawan Udjaja, SMMA's director, said the company plans to issue new shares, representing 10% of its enlarged capital, but declined to disclose the price.
He said the company will use the proceeds from private placement for injecting capital to its units, including to inject Rp200 billion for Bank Sinarmas.
SMMA currently has cash of between Rp300 billion to Rp400 billion and will reach Rp500 billion after the execution of warrants.
The company targets revenue to grow 25-35% to Rp20-22 trillion this year, compared to estimated Rp16 trillion last year. While net profit is projected to grow 70% to Rp2.9 trillion, from Rp1.7 trillion estimated for 2011. (hans@theindonesiatoday.com)
Sinar Mas Multiartha
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» Salim's Gallant Venture Bags US$200 Million Loan
» What People Say if SBY Pursues a Film Career?
» Bank Permata Posts 14% Profit Growth in 2011
» Demand Weakness & Fuel Prices Force Singapore Airlines Cargo to Cut 20% Capacity
» Andi Mallarangeng Denies Allegations in Court
» Aberdeen Invests in Aceh Gold Projects
» WOM Finance Profit Crashed 96%
» Coca-Cola Amatil Posts 17.5% Growth in Indonesia & PNG
» Wilmar & ADM Mull Global Partnership in Fertilizer, Ocean Freight & Refining
» Kingsrose Extends Gold-Silver Zone in Talang Santo, Sumatra
