GoTo (GOTO) and Grab Merger Faced Regulatory Hurdles, Targeted Completion Still 1H25

GoTo (GOTO) and Grab Merger Faced Regulatory Hurdles, Targeted Completion Still 1H25
The proposed merger between GOTO and Grab Holdings is facing delays due to lack of Govt. approval. A source stated that regulators are concerned Indonesia would lose its only homegrown decacorn if GOTO merges with Grab. However, the source added that the transaction is still progressing and targeted to complete in 1H25. (Kontan)

Inti Andalan Prima (INET) Targeted 1 Mn New Homepass in 2025 
INET, via its subsidiary PT Internet Anak Bangsa, targeted the addition of 1 mn new homepasses in 2025, with projected revenue of IDR 240 bn from development and IDR 192 bn from recurring maintenance income. (Investor.id)

Citra Marga Nusaphala Persada (CMNP) Targeted IDR 1.1 tn from Rights Issue 
CMNP is conducting a Rights Issue (PUT III), aiming to raise IDR 1.1 tn through the issuance of 2.23 bn new shares at IDR 500/sh. Proceeds will be used to fund business expansion, including the development of Ir. Wiyoto Wiyono toll road and construction of Depok–Antasari toll road Sections 3 and 4. The recording date is set for 28 May-25. (Bisnis.com)