Capital Profile

An Acuris (ION Group) publication, Capital Profile provides vital information on business families and controlling shareholders in Asia.

[Capital Profile @CapitalProfile]

Sony has terminated USD 10bn merger with India's Punit Goenka-led Zee Ent'. Sony 'were not satisfied' with the conditions to close the deal, which was agreed in 2021. Another reason was reportedly Zee's insistence that Punit run the combined entity.

https://t.co/aPFNLwgQpG

[Capital Profile @CapitalProfile]

Thai Beverage Plc has unveiled a revamped management structure, granting greater power and control to Thapana Sirivadhanabhakdi, the son of its founder, Charoen Sirivadhanabhakdi.

https://t.co/ppRxKS7HVo

[Capital Profile @CapitalProfile]

Pham Nhat Vuong Is New VinFast CEO

Vuong, the founder and largest financial backer of the EV maker, was named CEO on Jan 6. The firm plans an overseas expansion and ramps up sales through dealerships.

https://t.co/5a4EWfLTHR

[Capital Profile @CapitalProfile]

Indonesia’s marketplace Bukalapak, backed by the Sariaatmadja family, is planning to raise up to USD 1.5bn in Indonesia’s biggest IPO in August 2021 https://t.co/KxKkuBjCZ6

[Capital Profile @CapitalProfile]

Singapore-based ride-hailing company Grab Holdings acquires 4% of IDX-listed media and tech firm Elang Mahkota Teknologi, owned by Eddy Sariaatmadja family, for IDR 4tn (SGD 366m); digital payment firms Ovo and Dana may be merged following the acquisition https://t.co/U9z9ZhCxhr

[Capital Profile @CapitalProfile]

The Corruption Eradication Commission drops the corruption case against Sjamsul Nursalim and wife Itjih Nursalim, the owners of IDX-listed tire maker Gajah Tunggal; the government continues to pursue the state’s assets which must be returned. https://t.co/8PMMKriL3s

[Capital Profile @CapitalProfile]

Indonesia-based palm oil plantation Triputra Agro Persada, owned by Theodore Permadi Rachmat family, to raise IDR 173.24bn via IPO, offering 866.2 million shares at price of IDR 200 apiece. https://t.co/fa2GTOvCuC

[Capital Profile @CapitalProfile]

Singapore sovereign wealth fund GIC holds 8.08% of Indonesia-based commercial lender Bank Jago, backed by Patrick Walujo’s Wealth Track Technology, following the completion of rights issue. https://t.co/6AidjDOk4v

[Capital Profile @CapitalProfile]

Keswick family-backed Jardine Matheson Holdings moves forward to simplify its shareholding structure in a USD 5.5bn buyout deal of listed unit Jardine Strategic Holdings https://t.co/fnLBJQx65x

[Capital Profile @CapitalProfile]

IDX-listed cigarette maker Gudang Garam, owned by the Wonowidjojo family, injects an IDR 1tn of additional capital to its subsidiary Surya Dhoho Investama, the developer of Kediri airport, which increases Surya's paid-up capital to IDR 5tn https://t.co/0dcF1Y3QJe

[Capital Profile @CapitalProfile]

IDX-listed tire manufacturer Multistrada Arah Sarana, formerly backed by Patrick Walujo’s firm Northstar Advisors, will be delisted following tender offer held by Compagnie Générale Des Etablissements Michelin, making the latter held 99.64% of Multistrada https://t.co/KaNHIdv0nr

[Capital Profile @CapitalProfile]

IDX-listed real estate developer Modernland Realty, backed by the Honoris family, files an application for moratorium extension of its USD 390m bond until 31 May 2021. https://t.co/0YnWPf1M4Y

[Capital Profile @CapitalProfile]

IDX-listed food manufacturer Indofood CBP Sukses Makmur, backed by the Salim family, purchases the remaining shares it did not own in Indofood Fritolay Makmur; the acquisition terminates the 30-years partnership between Indofood and PepsiCo. https://t.co/mMgXUwEehr

[Capital Profile @CapitalProfile]

IDX-listed content production company MNC Studio International, owned by Hary Tanoesoedibjo, commences the construction of Movieland, an integrated outdoor production studio, in Lido, West Java. https://t.co/qUealRYHWd

[Capital Profile @CapitalProfile]

IDX-listed radio broadcaster Mahaka Radio Integra, backed by Indonesia’s State-Owned Minister Erick Thohir, receives commitment from three venture capital firms include Alpha JWC and Kinesys Group to develop digital radio platform Noice. https://t.co/BaV8rjp9vY

[Capital Profile @CapitalProfile]

Benny Tjokrosaputro named suspect in the corruption case involving Indonesian Military insurance and pension fund Asabri which causes IDR 23.7tn in state losses. https://t.co/YgV6MobOjU

[Capital Profile @CapitalProfile]

IDX-listed garment manufacturer Pan Brothers, backed by the Setijo and the Tjokrosaputro families, obtains approval for a temporary extension up to 12 February 2021 from creditors of its USD 138.5m revolving credit facility. https://t.co/AEw1AO6lKO

[Capital Profile @CapitalProfile]

The US-based private equity firm General Atlantic to invest USD 55m in Indonesia-based research and development company Kalbe Genexine Biologics, backed by Boenjamin Setiawan family. https://t.co/ihacCG9Yuz

[Capital Profile @CapitalProfile]

Tommy Soeharto, son of Indonesian-then president Soeharto, files lawsuit against IDX-listed toll-road developer Citra Marga Nusaphala Persada as his lands were evicted by the firm's toll road project. https://t.co/6tlVTwPBs2

[Capital Profile @CapitalProfile]

Chandra Lie, co-founder of Indonesia-based airline operator Sriwijaya Air, expresses his grief and devastation over the air crash which killed 62 people on last Saturday. https://t.co/noOpbTeNaP