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The Widjaja's Sinar Mas subsidiary company, Asia Coal Energy Ventures, spearheaded by the 33-year-old Fuganto Widjaja, together with Argyle Street Management Ltd., countered on 7 May 2015 with a cash offer and alternative recapitalisation plan involving a $150 million cash injection and a restructuring support agreement similar to the one ...
Together with Kompas Gramedia Group, Sinar Mas Land has built ICE on 22 hectares of land in Bumi Serpong Damai, which is the largest convention and exhibition centre in Indonesia. [30] The ICE, started in 2012 and completed in 2016, equipped with 10 exhibition halls, a convention center, and a 300-room hotel on site.
Michael Widjaja is the CEO Sinar Mas Land Group as well as Vice President Director of PT Bumi Serpong Damai Tbk (BSDE). [1] [2] Before his duty as the CEO of Sinar Mas Land Group, Michael has worked for: EuroRev Inc, Los Angeles, 2003, PT Arara Abadi, Indonesia, 2003, Top Tier Trading, Los Angeles, 2005, Vice President Director of PT Duta Pertiwi Tbk, 2007- 2015, Vice President Commissioner of ...
Sinar Mas Land is an Indonesian real estate development company, which is a subsidiary of Sinar Mas Group. It combines two big developers, Bumi Serpong Damai and Duta Pertiwi. It formed in 1988 under the flag of Duta Pertiwi.
Widjaja was born Oei Ek Tjhong (c. 1921 [a] –2019, born in Quanzhou, China as Oei Ėk-Tjhong) [7] He was the son of a Celebes-based trader. [8]Around 1930, he and his mother moved to Indonesia–then the Dutch East Indies–to join his father who had already settled in Makassar, Sulawesi, and he started helping his father to run a small shop.
In 2017, Indonesia had 52,859 MW of installed electrical capacity, 36,892 MW of which were on the Java–Bali grid. [16] In 2022, Indonesia had an electrical capacity of 81.2 GW with a projected capacity of 85.1 GW for 2023. [17] In 2021, Indonesia's total energy supply (TES) comprised 30.3% coal, 28.9% oil, and 14.4% natural gas.
(Reuters) -Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the U.S. on Tuesday accusing them of designing and marketing "ultra-processed" foods ...
Fuganto Widjaja is the grandson of Eka Tjipta Widjaja, the founder of the Sinar Mas Group, an Indonesian palm oil and property conglomerate started before the Second World War. In April 2015, he revealed a surprise takeover bid for Asia Resource Minerals, the coal mining company founded by Nathaniel Rothschild. [2]