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2021-04-12 10:30
Continued capital expenditure aims to boost production and support the recovery of Indonesian economy
Loan agreements aligned with Indonesian Government s strategy to drive investment growth in 2021
APR is a member of the RGE group of companies
JAKARTA, INDONESIA - Media OutReach - 12 April 2021 - Asia Pacific Rayon (APR), the largest integrated rayon fiber producer in Indonesia, today announced that it has secured a syndicated loan facility of Rp 4.5 trillion (US$300 million) with national and international affiliated banks. The funding will be used to support continued capital investment in the company s production facilities at Pangkalan Kerinci, Riau Province, Sumatra.
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Merger-bound Indonesian unicorns Gojek, Tokopedia ink conditional sales agreement: Report
March 9, 2021
Indonesian tech unicorns Tokopedia and Gojek have signed a conditional sales and purchase agreement (CSPA) as they inch closer towards sealing a merger deal, according to a report by the insights platform D-Insights.
Following the merger, the combined entity is expected to command a valuation of $35-40 billion, the report said. At that valuation, it will be the third most valued company in Indonesia after PT Bank Central Asia Tbk (BBCA) and PT Bank Rakyat Indonesia Tbk (BBRI) in terms of market capitalisation on IDX, the report noted.
D-Insights reported that Gojek shareholders are expected to hold 60% in the merged entity, while Tokopedia will hold the rest.