A surge of Indonesian tycoons take the trend to sell as stock market is upto 17% this year. This makes Indonesia the most attractive market to buy from the under performers of Japan and the phillipines for this 2013 as the term of the MIST (Mexico, Indonesia, South Korea & Turkey) is coined to be a reality from the BRICS of the next tier of large emerging economies.
Selling their stake of their own companies, families and entrepreneurs have seen to raise more than $11 billion salestock that was repeated close to 2010 share sale as Forbes records the eyeing of families gathering their assets for international investments to buyout their rich heritage asset.
Taken from W.S.J blog:
“The Widjaja family, whose Sinar Mas Group owns some of the world’s biggest palm-oil plantations, is among those planning initial public offerings of assets they own. In coming months, say bankers and the companies themselves, the Widjajas, Indonesia’s second-richest family after the Hartonos, according to Forbes; the Riadys, the country’s 11th richest; and the Purnomo family, which controls 26,000 taxis, are together slated to raise $1 billion.”
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