Indonesia DB: Paradise, Agung Podomoro to sell units; Antam deal

Indonesia DB: Paradise, Agung Podomoro to sell units; Antam deal

Photo by Antam

Indonesian real estate developers Indonesian Paradise Property and Agung Podomoro Land are planning to sell their subsidiaries, Sepingan Properti and Trans Heksa Karawang, respectively, to local buyers as efforts to improve portfolio and strengthen financial performance. Meanwhile, publicly listed gold miner Antam will transfer its non productive assets in Gebe, Central Halmahera, to the regency government.

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