Collaborative Investment in Digital and Fintech Businesses with Lippo Group
First written in FY2017-Q3. 2 of 4 entries say "Advanced", first in FY2018. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019AdvancedAnnual report
「The company acquired a total 9.99% interest in PT Bank Nationalnobu Tbk, a bank under Indonesia's major conglomerate Lippo Group and listed on the Indonesia Stock Exchange. The parties agreed to collaborate on financing transactions and reciprocal customer referrals, and signed a memorandum of understanding for a comprehensive business partnership.」
Following its investment in an OVO affiliate, the company acquired a 9.99% stake in a bank under the Lippo Group and entered into a comprehensive business partnership. - FY2018AdvancedAnnual report
「The company made an additional investment in PT. Bumi Cakrawala Perkasa, the holding company of the business operating the electronic money and points service under the OVO brand, which is part of Indonesia's major conglomerate Lippo Group. The company will work with Lippo Group to further expand its fintech business.」
Following the existing plan for approximately US$100 million in total of collaborative investment, the company made an additional investment in an OVO affiliate. - FY2017RestatedAnnual report
「Going forward, the company plans to invest approximately US$100 million in total and collaborate with Lippo Group on the digital and fintech businesses it is pursuing in Indonesia.」
The company reproduced its strategic partnership with the Lippo Group and its plan to invest approximately US$100 million in total. - FY2017-Q3First statedAnnual report
「The company entered into a strategic partnership agreement with Lippo Group, a major Indonesian conglomerate. Going forward, it plans to invest approximately US$100 million in total and collaborate with Lippo Group on the digital and fintech businesses it is pursuing in Indonesia.」
The company provided the first description of a plan to invest approximately US$100 million in total and collaborate with the Lippo Group in the digital and fintech businesses through a partnership.