Dwi Aneka Jaya Kemasindo, a listed packaging company, announced it has postponed its plan to purchase one packaging company and one retail stationary company until 2016 due to current weak economic conditions. Earlier this year, Dwi Aneka Jaya Kemasindo had been in talks to acquire the packaging company for a price of IDR 125 billion (USD $8.6 million) and the retail stationary company for IDR 225 billion (USD $15.5 million).

Read more ›

PT Dwi Aneka Jaya Kemasindo Tbk, an Indonesian-based company specialized in corrugated carton and offset printing, offers one billion new shares (40 percent of its enlarged capital) - at a price range of between IDR 425 and IDR 475 per share - in its initial public offering (IPO) on the Indonesia Stock Exchange in the weeks ahead. The printing and packaging company aims to raise a total of between IDR 425 billion (USD $37.3 million) and IDR 475 billion (USD $41.5 million) through this corporate action.

Read more ›

Five more new public listings are expected on the Indonesia Stock Exchange (IDX) in the remainder of 2013 despite the current less rosy macroeconomic environment in Indonesia. The companies that are expected to conduct their initial public offering (IPO) are Indomobil Multi Jasa, Dwi Aneka Jaya Kemasindo, Blue Bird, Soechi Lines, and Sawit Sumbermas Sarana. So far this year, 26 Indonesian companies went public on the IDX. At the start of the year, the IDX targeted for at least 30 new listings in 2013.

Read more ›