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Griya Idola Helps Community Affected by Covid-19
Griya Idola Helps Community Affected by Covid-19
25-01-21

Griya Idola Helps Community Affected by Covid-19

On 25 January 2021, a subsidiary of PT Barito Pacific Tbk, PT Griya Idola, distributed food packages to the Tangerang Regency Government. The distribution of food packages is part of the Griya Idola Care program which was initiated in 2020. The assistance which collected collectively from the tenants of the Griya Idola Industrial Park industrial area is expected to help restore the economy of the communities affected by the Covid-19 Pandemic.



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Indonesia Barito Plans $200 Mln Bonds To Buy Affiliate

21 May 2008
Indonesia Barito Plans $200 Mln Bonds To Buy Affiliate
21-05-08

Indonesia Barito Plans $200 Mln Bonds To Buy Affiliate

JAKARTA, May 21 (Reuters) - Indonesian timber firm PT Barito Pacific Tbk <BRPT.JK> plans to raise up to $200 million by issuing unsecured notes so that it can buy a stake of about 76 percent in chemical firm PT Tri Polyta Indonesia Tbk.

UBS will arrange the proposed note issue, a Barito statement issued in two Indonesian newspapers showed.

Indonesian entrepreneur Prajogo Pangestu has stakes in both Barito Pacific and Tri Polyta Indonesia, a major polypropylene producer in the country.

 Barito, which has a market capitalisation of $1.3 billion, has been acquiring other companies to diversify its business.

Last year, the company had a $1 billion rights issue, which was the fourth biggest rights issue in the country's history, to acquire a petrochemical company, PT Chandra Asri from Pangestu.

In the statement, Barito said that Chandra Asri supplies most of the raw material for Tri Polyta. (Reporting by Harry Suhartono, editing by Sugita Katyal and Neil Fullick)

Source: Reuters

Kilas Berita

01 Apr 2008
Kilas Berita
01-04-08

Kilas Berita