By Joyce Koh
Oki Ramadhana, who heads Morgan Stanley’s Indonesian operations, will be leaving to join HSBC.
The deal is part of Kimia Farma’s effort to extend its presence to the Middle East and North Africa
President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn’t been made.
Kioson CEO Jasin Halim says he opted for the IPO route after lengthy talks with potential investors who “offered little but wanted lots”.
Indonesia’s largest pharmaceutical company Kalbe Farma will invest a total of about $51 million to launch its first biological drug factory as it aims to gain higher margins from its products.
Vietnam could be the third market overall for Go-Jek as it holds a stake in Bangladesh’s ride-sharing app Pathao.
The startup is learnt to be currently valued at $12 million.
The funds will be used for user acquisition, R&D and potential acquisitions.
The $1.5b upwards fundraising round has seen investments from a dozen investors including BlackRock and Google.
This will mark the largest fund by the VC firm which has been active in the region since 2010.