KDTN Acquisition Fails, Stock Plummets Amidst Investor Panic
The acquisition plan for PT Puri Sentul Permai Tbk (KDTN) has been called off, leading to a sharp decline in the company's stock. Investors panicked, triggering a sell-off that hit the auto-rejection lower limit.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Electronic City Posts Narrower Loss but Flat Revenue, Maintains High-End Strategy
PT Electronic City Indonesia Tbk (ECII) recorded revenues of IDR 1.65 trillion in the first nine months of 2026, nearly flat year-on-year. Despite a reduced net loss due to higher operating expenses, the company maintains its strategy of targeting the upper-middle class with its retail stores.
- Foreign Investors Favor BBCA, GOTO Sees Accelerated Selling
Foreign investors showed contrasting behavior on November 6th, with a net buy of approximately IDR 218.9 billion in PT Bank Central Asia Tbk (BBCA) shares and a net sell of IDR 127.5 billion in PT GoTo Gojek Tokopedia Tbk (GOTO) shares, despite a total net buy of IDR 328.2 billion by foreign investors across the Indonesian stock market.
- Indonesia's Medco Energi Raises $200 Million Through Bond Issuance
Indonesian energy giant PT Medco Energi Internasional Tbk (MEDC) has successfully raised $200 million through its subsidiary via a bond issuance. The funds will be used to refinance and repay existing debt.
- Indonesia's State Gold Prices Predicted to Fluctuate on Nov 7; Experts See Mixed Outlook
The gold bar price of Indonesian state-owned PT Antam Tbk (ANTM) is projected to fluctuate on November 7. Experts anticipate both a temporary decline and a potential rise within the week. As of November 6, the gold bar price stood at Rp 2,565,000 per gram, an increase from the previous day.