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Sinarmas Land May Raise $300m

Sinarmas Land, an Indonesian developer of homes, shops and golf courses, hired Macquarie Group for an initial public offering of an industrial properties project that may raise as much as $300 million,...

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Puradelta Lestari Aims to Raise Up to Rp 2.76t in IPO

Puradelta Lestari, an industrial developer unit of Sinarmas Land, hopes to raise Rp 2.76 trillion ($271 million) from an initial public offering next month, making it the largest IPO in Indonesia so...

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Sinarmas Land Said to Revive $300m Industrial Estate IPO

Jakarta. Sinarmas Land, the Indonesian developer backed by billionaire Eka Tjipta Widjaja, has restarted talks on a $300 million initial public offering of an industrial property arm, people with...

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Sinarmas Land’s Industrial Estate Unit Eyes Rp 3.8t From May IPO

Jakarta. Puradelta Lestari — an industrial estate unit of property developer Sinarmas Land — is set to raise as much as Rp 3.8 trillion ($293 million) this month in its second run for an initial public...

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