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View all search resultsLion Air has started preparations for a domestic initial public offering, people with knowledge of the matter said, as Indonesia’s biggest private carrier seeks to move past an October crash that triggered the crisis surrounding Boeing Co.’s 737 Max plane.
PT Indonesia Kendaraan Terminal (IKT), a subsidiary of state-owned port company PT Pelabuhan Indonesia (Pelindo) II, is set to conduct an initial public offering (IPO), aiming to attain at least Rp 1 trillion (US$71.45 million) from the corporate action.
The Indonesia Stock Exchange (IDX) has remained optimistic that the domestic stock market will remain stable amid fears of a trade war between the United States and China as well as projections of a US Federal Reserve rate hike for the third or fourth time this year.
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