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Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument.
Kereta Api Indonesia is the latest of a long line of successive state railway companies dating from Dutch colonial days. On 27 August 1863, Indonesia's first railway company was named Nederlandsch-Indische Spoorweg Maatschappij (NIS).