News

Pikko Land Akuisisi Royal Oak Pembangunan Asia

JAKARTA (IFT) - Pikko Land Corporation from Singapore purchased 68.1 percent stake in PT Royal Oak Development Asia Tbk (RODA). Pikko Land stated that the purchase is a part of strategic plan to expand its urban property business. Pikko will also perform an obligatory tender offer to purchase the remaining stake in Royal Oak at Rp 175 per stock. Royal Oak's latest price was Rp 225 per stock.;

Pikko Land Eyes Indonesian Residential Market

JAKARTA (IFT) – Indonesia’s economic growth and large population are the reasons behind foreign property companies’ interest in entering the country. This is why Pikko Land Corporation acquired majority stake in PT Royal Oak Development Asia Tbk (RODA), according to the IFT Research Department. Pikko Land stated that the acquisition is a strategic move to expand its property business, primarily in Indonesia’s urban residential market.This;

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