Year Category: 2019

SSEK Acts for Ovolo Group in Bali Resort Acquisition

SSEK has assisted Ovolo Group, an award-winning luxury boutique hotel brand headquartered in Hong Kong, with the acquisition of a resort hotel in Bali. Ovolo acquired Citadines Kuta Beach Bali, an upmarket serviced apartment/hotel development located near the popular tourist areas of Seminyak and Legian. This is the group’s first property outside of Hong Kong SSEK Acts for Ovolo Group in Bali Resort Acquisition

SSEK Advises Malaysia’s RII Holdings on Investment in Indonesian Courier and Logistics Industry

SSEK has advised Malaysian investment holding company RII Holdings Sdn Bhd (RII) on its acquisition of a substantial equity interest in leading Indonesian logistics company PT Pandu Siwi Sentosa (PSS). SSEK assisted RII with drafting and negotiating the transaction documents. RII signed on October 1 the definitive agreements with PSS and its individual shareholders, and SSEK Advises Malaysia’s RII Holdings on Investment in Indonesian Courier and Logistics Industry

SSEK Assists with Land Acquisition for Data Center Development in Indonesia

SSEK has assisted NTT Communications (NTT Com), a subsidiary of Nippon Telegraph and Telephone Corporation, the largest telecommunications company in Japan and one of the largest globally, and PT NTT Indonesia Nexcenter with the acquisition of land in an industrial area outside of Jakarta. The acquired land will be used for the construction of what SSEK Assists with Land Acquisition for Data Center Development in Indonesia

SSEK Assists Leading Investment App in Entering Indonesia Market

SSEK has assisted PT Raiz Invest Indonesia in obtaining a Mutual Funds Sales Agency (APERD) license from Indonesia’s Financial Services Authority (OJK). Our work included drafting all the required documents for the APERD license and liaising with OJK officials. This was the first time in Indonesia that a foreign direct investment company had obtained an SSEK Assists Leading Investment App in Entering Indonesia Market

SSEK Successfully Assists Client with E-Money License Application

SSEK has assisted its client in successfully negotiating the document compliance process as part of its application for an e-money license from Bank Indonesia. As part of the due diligence exercise to support the client, the SSEK team ensured that the required compliance-related documentation was provided as required under the current central bank regulatory framework. SSEK Successfully Assists Client with E-Money License Application

SSEK Advises Rentokil on 2 Acquisitions in Indonesia

SSEK has acted for British multinational Rentokil Initial, through its Indonesian subsidiary, Rentokil Initial Indonesia, in the acquisition of two Indonesian companies. In the first transaction, SSEK assisted Rentokil with the acquisition of PT Aardwolf Pestkare Indonesia, a pest control service provider. In the second transaction, SSEK assisted in the acquisition of PT Pink Service SSEK Advises Rentokil on 2 Acquisitions in Indonesia

SSEK Assists Kohler on Land Acquisition and Development for Manufacturing Plant

SSEK has assisted Kohler and its Indonesian subsidiary on the acquisition of approximately 20 hectares of land for the development of a new manufacturing plant in Deltamas-Cikarang, just outside of Jakarta. SSEK advised and assisted Kohler on the land acquisition process and the plant construction documents. Denny Rahmansyah, SSEK’s managing partner and a supervising partner SSEK Assists Kohler on Land Acquisition and Development for Manufacturing Plant

SSEK Advises on Acquisition of GE’s Transportation Business

SSEK has acted as Indonesian counsel to General Electric in connection with the acquisition by Wabtec Corporation of GE’s Transportation business. The global value of the acquisition was USD 11 billion, as has been reported. The SSEK team advising on the transaction was led by partner Dewi Savitri Reni. SSEK, with DLA Piper (Singapore), assisted SSEK Advises on Acquisition of GE’s Transportation Business