Two Indonesian companies – PT Megah Satu Property (Forza land) and PT Bintang Auto Global – are set to release 20 per cent shares via initial public offerings (IPO) planned for the fourth quarter. Meanwhile, Mitsui & Co and Fujimori Kogyo will soon close the purchase of 20.6 per cent stakes in PT Champion Pacific Indonesia Tbk (IGAR) via a tender offer.
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