SSEK has represented the Credit Guarantee and Investment Facility (CGIF) in its role as guarantor in the issuance of two tranches of medium-term notes in the amount of IDR 140 billion (US$10.7 million). A joint venture multi-finance company issued the notes. The SSEK team was led by founding partner Ira A. Eddymurthy, with partner Denny … SSEK Represents CGIF in Notes Issuance
SSEK has acted as Indonesian counsel to Alibaba Group Holding in its US$1 billion purchase of a controlling stake in Southeast Asian online retailer Lazada Group, as has been widely reported. As reported, Alibaba will buy US$500 million of newly issued shares from the online retailer, and a further US$500 million from existing shareholders. Lazada … SSEK Acts as Indonesian Counsel for Alibaba in Lazada Purchase
SSEK acted as sole counsel to Thai Containers Group Co., Ltd. in its US$6.1 million acquisition of PT Indoris Printingdo, an Indonesian box and packaging manufacturer. Thai Containers Group is a subsidiary of SCG Paper. It is the largest corrugated containers manufacturer in Southeast Asia.
SSEK, based in Jakarta, Indonesia, advised on Link Holdings Limited’s recent IPO and listing on the Hong Kong Stock Exchange by way of placement. Link Holdings, a hotel operator, has a subsidiary with assets in Indonesia. SSEK advised the sole sponsor and underwriters of the IPO on all aspects of Indonesian law.
SSEK acted as Indonesian counsel to Woori Bank of South Korea in its purchase of a 33 percent stake in Indonesia’s Bank Himpunan Saudara 1906 for 713.1 billion Rupiah, about US$61 million. Securing approval from Indonesia’s central bank, Bank Indonesia, for the purchase took about 18 months amid an evolving regulatory environment for bank acquisitions … SSEK Advises Woori Bank on Acquisition of Stake in Listed Indonesian Bank
