Wed, 08 Jun 11

Recapital Amanah Foundation (RAF) and ITB Establish Ties for Scholarship Program

Recapital Amanah Foundation (RAF) and Bandung Institute of Technology (Institut Teknologi Bandung/ITB) signed a cooperation agreement for scholarship program in order to increase competence and strengthen the education for Indonesian students. The cooperation agreement was signed by Dr. Ridwan Zachrie as the Executive Director of Recapital Amanah Foundation and Dr. Wawan Guna A. Kadir, M.S. as Vice-Rector of Research and Innovation & Head of LPPM. This scholarship program is in line with RAF’s visions and missions to give contribution toward...

Tue, 10 May 11

Recapital Celebrates Its 15th Anniversary

The founders Recapital Elvin Ramli, Rosan P Roeslani, and Sandiaga S Uno celebrate 15 Years Recapital Group in Lombok, last weekend. Since its establishment 15 years ago, Recapital Group has grown into one of the leading business groups in Indonesia. During this period, Recapital already has several companies engaged in various lines of industry.

Sat, 09 Apr 11

Vallar Finalizes BRAU’s Acquisition of Rp14.13 Trillion

Vallar Plc. ultimately finalized the buying transaction of 75% of stocks from PT Berau Coal Energy, Tbk. (Brau), owned by PT Bukit Mutiara, on yesterday, April 8, 2011. Vallar bought 26.18 billion of BRAU’s stocks priced at Rp540 per share. That means the total value of the transaction is Rp14,13 trillion. JP Morgan Securities acted as the buying broker of BRAU’s stocks on the transaction in the negotiation market, while the selling broker was Recapital Securities. This BRAU’s stocks...

Sat, 09 Apr 11

Vallar Officially Acquires Berau

Vallar Plc now officially acquires PT Berau Coal Energy, Tbk. (BRAU) after finalizing the buying of 26.17 billion (75%) of Berau’s stocks owned by PT Bukit Mutiara. The transaction value reached Rp14.13 trillion. Vallar bought Berau stock at Rp540 per share, with Rp20 discounted compared to the trade closing’s value of Rp560 on Thursday, April 7, 2011. According to trading data of Indonesia Stock Exchange (IDX) on Friday, April 8, 2011, the stock crossing transaction was facilitated by JP...

Fri, 08 Apr 11

BRAU Sells Bukit Mutiara’s Stocks to Vallar

The spin-off from PT Berau Coal Energy, Tbk. (BRAU), PT Bukit Mutiara will do a selling transaction of its stocks to Vallar Plc through negotiation market (pasar negosiasi) with the total shares number of 26.17 billion. This is announced by the management during an information session to Indonesia Stock Exchange (IDX) on Thursday, April 7, 2011. Stocks will be sold at Rp540 per share. The total transaction value is Rp14.13 billion, and the transaction itself will be held on...