Blog Category: Deal News

SSEK Advises PT Wijaya Karya Realty on Divestment of Stake in PT Hotel Indonesia Group

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SSEK Law Firm has advised PT Wijaya Karya Realty on the divestment of its entire stake in PT Hotel Indonesia Group to PT Hotel Indonesia Natour (InJourney Hospitality), a subsidiary of PT Aviasi Pariwisata Indonesia (Persero) (InJourney). PT Wijaya Karya Realty is a subsidiary of PT Wijaya Karya (Persero) Tbk, a publicly listed Indonesian state-owned … SSEK Advises PT Wijaya Karya Realty on Divestment of Stake in PT Hotel Indonesia Group

SSEK Advises SCG Chemicals on Divestment of Stake in PT Siam Maspion Terminal

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SSEK Law Firm has advised SCG Chemicals (Singapore) Pte. Ltd., a wholly-owned subsidiary of Siam Cement Public Company Limited, on the divestment of its entire 50% shareholding in PT Siam Maspion Terminal to an Indonesian company. PT Siam Maspion Terminal is a joint venture company with PT Maspion Investindo and operates as a jetty operator … SSEK Advises SCG Chemicals on Divestment of Stake in PT Siam Maspion Terminal

SSEK Acting as Indonesian Counsel to Yokohama in $905m Acquisition of Goodyear’s Off-the-Road Tire Business

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SSEK Law Firm is acting as Indonesian counsel to The Yokohama Rubber Company, Limited in its acquisition of The Goodyear Tire & Rubber Company’s off-the-road (OTR) tire business for $905 million, as has been announced. Completion of the transaction is subject to the usual regulatory approvals. The OTR business being acquired by Yokohama primarily provides … SSEK Acting as Indonesian Counsel to Yokohama in $905m Acquisition of Goodyear’s Off-the-Road Tire Business

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

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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

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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

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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

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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

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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

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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