Blog Category: Deal News

SSEK Acts for Tokushukai Medical Corporation Group in Major Cooperation Project in Indonesian Health Sector

SSEK Law Firm is acting as Indonesian counsel for Tokushukai Medical Corporation Group, Japan’s largest medical services group and one of the largest medical services groups in the world, in connection with the 10 billion Japanese yen (approximately 1 trillion Indonesian rupiah) financing and development of a groundbreaking cardiovascular center in Jakarta, in cooperation with SSEK Acts for Tokushukai Medical Corporation Group in Major Cooperation Project in Indonesian Health Sector

SSEK Law Firm Advises Indosat on Transfer of Data Center Assets

SSEK Law Firm represented PT Indosat Tbk (Indosat) in the successful transfer of data center assets valued at IDR 2.62 trillion to an affiliated company, PT Starone Mitra Telekomunikasi (SMT), a joint venture of Indosat, BDx Asia Data Center Holdings Pte. Ltd. (BDx), and PT Aplikanusa Lintasarta. SSEK concurrently assisted Indosat in entering into a SSEK Law Firm Advises Indosat on Transfer of Data Center Assets

SSEK Assists on Singapore Listing of Malaysian Plantation Group TSH Resources Berhad

SSEK Law Firm partner Denny Rahmansyah assisted Malaysian plantation group TSH Resources Berhad on the Indonesian aspects of its secondary listing on the Mainboard of the Singapore Exchange (SGX). TSH Resources Berhad, a Malaysian public company listed on Bursa Malaysia, has 13 Indonesian subsidiaries. Denny led the SSEK team that performed due diligence on the SSEK Assists on Singapore Listing of Malaysian Plantation Group TSH Resources Berhad

SSEK Law Firm Assists Angkasa Pura Properti with Development of Aircraft MRO Facility at Bali Airport

SSEK Law Firm has assisted PT Angkasa Pura Properti (“APP”) with the conclusion of a Cooperation Agreement for the development of a 17,000-square-meter aircraft Maintenance, Repair and Overhaul (“MRO”) facility at I Gusti Ngurah Rai International Airport in Bali between APP and PT Avia Technics Dirgantara (“FLT”). FLT is the Indonesian subsidiary of FL Technics, SSEK Law Firm Assists Angkasa Pura Properti with Development of Aircraft MRO Facility at Bali Airport

SSEK Law Firm Acts for Creditors in Garuda Indonesia Restructuring

SSEK Law Firm acted for several creditors in the US$9.8 billion debt restructuring of flag carrier Garuda Indonesia, one of the largest and most complex suspension of debt payment obligation (PKPU) proceedings in Indonesian history. SSEK’s clients in the PKPU process included maintenance, repair and operations (MRO) vendors, including a leading multinational aerospace company. The SSEK Law Firm Acts for Creditors in Garuda Indonesia Restructuring

SSEK Assists Samanea Group on Jakarta Wholesale Center Development

SSEK has assisted Samanea Group and its Indonesian subsidiary, PT Samanea Tangerang Development, with the development of the One-Stop O20 Regional Wholesale Trade City, the first and most comprehensive wholesale center in Indonesia. The development, located in Tangerang New Industry City, on the outskirts of the Indonesian capital, Jakarta, includes a wholesale trading center and SSEK Assists Samanea Group on Jakarta Wholesale Center Development

SSEK Advises Indosat on $300m Data Center JV with BDx

SSEK has advised Indonesian telecommunications provider PT Indosat Tbk (Indosat Ooredoo Hutchison) on a US$300 million joint venture with Indosat subsidiary PT Aplikanusa Lintasarta and Asian data center company Big Data Exchange (BDx) to establish a new “data center and cloud-focused operation” in Indonesia. The companies said the JV was formed to “meet Indonesia’s growing SSEK Advises Indosat on $300m Data Center JV with BDx

SSEK Represents Nissan Motor in Acquisition by Indomobil Group

SSEK represented Nissan Motor Co., Ltd. in the acquisition of PT Nissan Motor Distributor Indonesia (“NMDI“) by PT IMG Sejahtera Langgeng, part of Indomobil, a leading Indonesian automotive group. SSEK assisted with the transaction agreements up to closing and with other agreements related to NMDI’s business operations prior to and after closing. SSEK also assisted SSEK Represents Nissan Motor in Acquisition by Indomobil Group

SSEK Assists Malaysian Plantation Company in Landbank Transaction

SSEK has acted for TSH Resources Berhad (TSH), one of Malaysia’s largest plantation companies, as the seller in a US$110.1 million Indonesian landbank transaction, as has been reported. TSH entered into two conditional shares sale and purchase agreements with KL Kepong (KLK), through KLK’s wholly owned subsidiary, Taiko Plantations Pte Ltd (TPPL). TSH, through its SSEK Assists Malaysian Plantation Company in Landbank Transaction