Indonesian Entrepreneurs Buy Coal Shares
During last weekend's trading, Friday (1/10), foreign market players made a fairly massive selling transaction in line with this causing the domestic stock market to be depressed and ended up in the red zone.
The Composite Stock Price Index (JCI) closed down 0.92 percent to 6,228.84 points with a transaction value of Rp 31.35 trillion, despite a 1.3 percent increase in the week. Foreign market participants left the Indonesian stock exchange amounting to Rp 10.51 trillion.
Observe the actions and events of the following issuers compiled by Indonesia before starting transactions earlier this week, Monday (4/10/2021): The Djarum Group conglomerate belonging to two Indonesian tycoons, the Hartono duo, stated that they would carry out a mandatory tender offer after completing the acquisition of two companies with an investment value of almost Rp 20 trillion.
The two companies that were taken over by the Djarum Group were the issuer managing the Ranch Market PT Supra Boga Lestari Tbk (RANC) amounting to Rp 2.03 trillion and the telecommunication tower issuer PT Solusi Tunas Pratama Tbk (
The purchase of RANC was made through the e-commerce company PT Global Digital Niaga (Blibli), while the acquisition of SUPR was made through PT Professional Telekomunikasi Indonesia (Protelindo), a subsidiary of the Djarum Group's tower business, PT Sarana Menara Nusantara Tbk (TOWR).
Deputy President Director of Protelindo, a subsidiary of Adam Gifari, told reporters that the company is currently in the process of making a mandatory tender offer at the OJK after TOWR, through its subsidiary Protelindo, which acquired a 94.03 percent stake in SUPR.
"The process is being carried out with OJK. Once it has been approved, it will be launched," he said, Friday (1/10/2021).
Minister of State-Owned Enterprises (BUMN) Erick Thohir said the merger of state-owned port companies, PT Pelabuhan Indonesia (Pelindo) I, II, III, and IV which took place this Friday (1/10/2021) had been approved by the Ministry of Finance and was ratified by the President. Joko Widodo (Jokowi) through Government Regulation (PP) Number 101/2021 concerning the Merger of Pelindo I, III, and IV into Pelindo II. The PP takes effect on October 1, 2021.
"Alhamdulillah, the merger of four-port state-owned enterprises, integrated into one Pelindo, has received approval from the Ministry of Finance, and a regulation from President Joko Widodo has also been ratified," Erick said in an official statement, Friday (1/10).
Erick emphasized that this merger would improve maritime connectivity throughout Indonesia and improve the performance and competitiveness of SOEs in the port sector.
3.2 Years after OJK was dissolved, this is the NAV of Minna Padi Mutual Funds
The Net Asset Value (NAV) of the Minna Padi Aset Manajemen (MPAM) mutual fund product experienced a significant decline after the Financial Services Authority (OJK) dissolved and liquidated 6 MPAM mutual fund products since the last two years.
"Now the net asset value (NAV) of its products has fallen sharply to less than 1% when compared to the NAV at the time of disbandment on November 25, 2019," said MPAM customer representative, Dovan.
In a letter sent by management to MPAM customers, the current value of the Minna Padi Keraton II mutual fund has decreased to IDR 37 per unit of participation from the position on December 25, 2019, at IDR 1,268.36 per unit.
Then, the Minna Padi Property Plus Mutual Fund also fell to Rp. 8 per unit of participation from the previous Rp. 1,146.35 per unit. The Minna Padi Pasopati Stocks Mutual Fund decreased to Rp 67 per unit from the previous Rp 1,150.82. Meanwhile, the Minna Padi Pringgondani Saham Mutual Fund decreased to Rp 102 per unit of investment from Rp 942.35 per unit at the end of 2019.
The listed cement producer, PT Solusi Bangun Indonesia Tbk (SMCB), a subsidiary of PT Semen Indonesia Tbk (SMGR), changed the composition of the company's management in line with the entry of a Japanese cement company, Taiheiyo Cement Corporation (TCC) as one of the company's shareholders.
This was agreed at the Extraordinary General Meeting of Shareholders (EGMS) held on Friday (1/10/2021) in Jakarta.
In addition to approving changes to the entire articles of association, the meeting also approved the appointment of Yasuhide Abe as director and Yoshifumi Taura as commissioner of the company.
As is known, on August 4, 2021, Semen Indonesia Group (SIG) established a strategic partnership with TCC and became a shareholder of SMCB. The investment made by SCC is to acquire a 15.04% stake in SMCB for US$ 220 million or equivalent to Rp 3.1 trillion.
5. His wealth is Rp. 30 T, this tycoon is buying Indonesian Coal Shares again
The momentum of rising coal prices is used by the owners of coal mining issuers to increase their share coffers.