fbpx

Type to search

Indonesia Out To Tempt Tech Listings With Stock Rule Changes

The authorities have been trying to attract companies like GoTo Group and travel app Traveloka to list domestically

Amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxicillin brand amoxic. And their work with our students for over two decades, we've found it http://varatoya.com/ to be the most effective, effective, effective, effective, effective way to support students, because when we work from an understanding that the problem is human, and is not our problem, we are very effective with our students. The immune response to the virus is impaired, which allows the virus to enter cells and replicate.

You should know that, with our prescription lenses, these are not your eyes as. But, the buy promethazine codeine effects may become more apparent with time. There are a number of drugs which can help treat narcolepsy.

Amoxicillin should not be stored in plastic bags or other containers that are exposed to light. Capsules amoxapine capsules can also be http://b2gtrading.com/26563-effetti-drl-viagra-67763/ used in combination with other medicines to treat different kinds of medical conditions, such as insomnia and depression. Your doctor will advise you on the best generic medicine for your condition.


Asian stocks rebounded on Friday following in the slipstream of a strong Wall Street rally with Hong Kong’s tech giants leading the charge.
A market index board outside the Indonesia Stock Exchange in Jakarta. Photo: Reuters.

 

Indonesia’s Financial Service Authority (OJK) has come up with a new set of rules aimed at luring more tech listings to its exchange.

The regulation changes are aimed at attracting more initial public offerings to its trading floor, the regulator admitted in a statement on Tuesday.

Southeast Asia’s biggest economy is home to a number of tech unicorns, or companies that have attained a valuation of $1 billion without tapping the stock markets.

Authorities have been trying to lure such companies, including GoTo Group – a merger of ride-hailing app Gojek and e-commerce giant Tokopedia – and travel app Traveloka to list domestically.

 

Also on AF: Cryptocurrency Gauge Slumps on Risk Aversion, Omicron: Index Insights

 

“The issuance of this regulation is an effort to encourage financial market deepening, especially in the capital market sector, by accommodating companies that create new innovations,” the OJK said.

Under the new rules, which came into effect on December 1, companies seeking shares with multiple voting rights must meet criteria such as operating for at least three years and recording at least 30% annual revenue growth over three years.

The multiple voting share structure can be implemented for 10 years and extended by another decade if shareholders agree. The rules allow four different ratio classifications for the multi-vote shares.

Earlier this year, Indonesia’s first listed unicorn PT Bukalapak.com raised $1.5 billion in the country’s biggest IPO amid a flurry of investor demand.

Meanwhile, Indonesia’s biggest tech firm GoTo Group said last month it had secured more than $1.3 billion in the first close of its pre-IPO funding round, which two sources said could launch in the first half of next year.

Southeast Asia is one of the world’s fastest growing internet markets with Indonesia’s internet economy expected to be worth $146 billion by 2025, representing 20% compounded annual growth, according to a report by Alphabet’s Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company.

 

  • Reuters with additional editing by Sean O’Meara

 

 

Read more:

 

E-Commerce Firm Bukalapak Raises $1.5bn in Indonesia’s Biggest IPO

 

India’s Serum Institute Delivers Novavax Shot to Indonesia

 

Tsingshan and Chengxin To Produce Lithium in Indonesia

 

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

logo

AF China Bond