Corporate Act

Apexindo to Start Partnership After Delisting

VIVAnews - PT Apexindo Pratama Duta Tbk. is starting to take several corporate actions following the recent delisting by the Indonesia Stock Exchange (IDX).

The company can carry off several options such as finding a strategic partner for stock holders, launching a merger with stock holders, or relisting their stock either domestically or internationally, President Director of PT Mitra Rajasa Tbk. (MIRA), Tito Sulistio, during a press conference at Graha Niaga in Jakarta on Monday, April 20.

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For the time being, Mitra Rajasa is the major stock holder of Apexindo.

"We are expecting that within the next one or two months [we] can start the action," he said.

Sulistio explained that the management have met some interested party as regards the future partnership.

Mitra Rajasa is open for all candidates willing to become its partners. "Apexindo can now in fact operate by itself," he explained further.

He added that Apexindo is also interested to acquire a coal company. Now, Apexindo is trying to acquire five to six companies.

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Translated by: Ariyantri E. Tarman

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VIVA.co.id
20 April 2024