Sinarmas’ Puradelta to Launch IPO

SINGAPORE (Yosefardi) – Sinarmas Land Limited said its unit PT Puradelta Lestari Tbk (PDL), has decided to re-launch its proposed listing of up to 10.84 million new ordinary shares (initial public offering/IPO) on the Indonesia Stock Exchange (IDX). As such, PDL...

Pikko Land Posts 37.4% Profit Growth

JAKARTA (Yosefardi) – Property developer PT Pikko Land Development Tbk (RODA) booked net profit of Rp518 billion in 2014, grew by 37.4% from Rp377 billion in 2013. Revenues rose 7% to Rp685 billion from previous Rp640 billion. Operating profit increased 13.2% to...

Bekasi Fajar Bags Loan $100 Million

JAKARTA (Yosefardi) – Industrial estate developer PT Bekasi Fajar Industrial Estate Tbk (BEST) has secured loan of US$100 million, with option to add until US$130 million or Rp1.7 trillion, from syndicated banks. That banks are PT QNB Indonesia Tbk, Bangkok Bank...