GIC to invest in Indonesian theatre chain

It will be injecting $260m capital in PT Nusantara Sejahtera Raya.

Singapore's sovereign wealth fund GIC Pte has sealed the deal to became a partner with an Indonesian cinema operator, investing 3.5 trillion rupiah ($260 million), to help expand the theater chain across the country.

According to a report on Bloomberg, PT Nusantara Sejahtera Raya entered the partnership with GIC. It operates 157 cinemas across 36 cities in Indonesia.

This is GIC’s latest investment in the Southeast Asian nation, after it said in October that it would team with an Indonesian warehouse provider, PT Mega Manunggal Property Tbk, to invest in warehouses in the nation.

Read full story here.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!