Company Overview of PT Sinar Mas Group
PT Sinar Mas Group engages in pulp and paper, agri-business and food, financial services, real estate development, telecommunications, and energy and infrastructure businesses. Its pulp and paper products business unit provides tissue, packaging, and paper products; agri-business and food business unit offers cooking oil, margarine, specialty fats, shortenings, frying and ice cream fats, and butter oil and cocoa butter substitutes; and financial services business unit provides financial services, including banking, multi-finance, insurance, capital markets, asset management, securities, share administration, trade and industry, and information technology services. The company’s real estate d...
Sinar Mas Land Plaza
Tower 2, 33/F
Jalan M.H. Thamrin 51
Jakarta Pusat, 10350
Founded in 1962
Key Executives for PT Sinar Mas Group
Compensation as of Fiscal Year 2016.
PT Sinar Mas Group Key Developments
Sinar Mas and Nathaniel Rothschild Seeking To Acquire Asia Resource Minerals
Jun 12 15
PT Sinar Mas Group and Nathaniel Rothschild, Founder of Asia Resource Minerals plc (LSE:ARMS) are seeking to acquire the company.
PT Sinar Mas Group Presents at RISI Sixteenth Annual Asian Conference, Jun-02-2015 11:00 AM
May 30 15
PT Sinar Mas Group Presents at RISI Sixteenth Annual Asian Conference, Jun-02-2015 11:00 AM. Venue: Le Meridien Hotel, 789 Nanjing East Road, Shanghai 200001, China. Speakers: Sun Bing Jian, General Manager of Sustainability, Cultural and Communications.
SUEK And NR Holdings Eyeing ARMS
Apr 20 15
SUEK PLC and NR Holdings Limited are planning to make an offer for Asia Resource Minerals plc (LSE:ARMS) (ARMS). Nat Rothschild's NR Holdings and SUEK said that they are considering a possible cash offer to acquire ARMS, conditional on shareholders voting in favor of recapitalization backed by Rothschild. Asia Resource Minerals had said earlier that a formal takeover offer is yet to materialize from Asia Coal Energy Ventures Limited, backed by PT Sinar Mas Group and Argyle Street Management Limited. Rothschild has offered to underwrite a $100 million equity fundraising through an open offer priced at 25 pence per share. NR Holdings said it believes that this refinancing is the only options currently available that will ‘preserve value for ARMS shareholders in the short to medium term’. NR Holdings said that it understands that ‘certain shareholders may prefer to sell their shares at a premium to the current share price and not to remain long-term shareholders in ARMS,’ hence why it is considering an offer. However, it is making any potential offer subject to the recapitalization being passed on April 22, 2015, and noted that even if the recapitalization is passed it is under no obligation to make any offer. Under UK takeover code, NR Holdings and SUEK must announce a firm intention to make an offer or walk away by May 18, 2015. If the two do make an offer, they will form a jointly owned special purpose vehicle. Asia Coal Energy Ventures maintains that it intends to make an offer for ARMS and such an offer would be funded by Sinar Mas. Recent announcement indicated that Asia Coal Energy Ventures would be willing to pay 41 pence per share for the ARMS shares not already owned by Argyle Street. A source close to ARMS said that Asia Coal Energy Ventures' move appears to be designed to derail the refinancing deal already on the table. A spokesperson for Asia Coal Energy Ventures said that the company intends to make an offer and the discussions are going on with ARMS shareholders. Asia Resource Minerals shares were up 3.1% at 29.25 pence.
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