TBS Energi Utama is trading 10.78% higher at IDR 370.00 on October 22 after HPS Investment Partners committed up to S$555 million in staged funding for its Asia waste-management expansion.
- The funding uses preference shares and other instruments in SBTH Asia Holdings and is subject to shareholder approval.
- Bloomberg and Indonesian outlets reported the deal; price rebounded after recent declines, including a 14.65% drop on October 16.
- No trading-volume data was provided, so activity levels cannot be assessed.