🟢 TBS Energi Utama is trading 25% up today after HPS’s up-to-S$555 million Asia waste-business commitment

TBS Energi Utama is trading at IDR 520.00, up 25.00%, after HPS Investment Partners’ commitment of up to S$555 million was reported as the catalyst for the October 23 surge.

• The investment is staged through preferred shares and other instruments in SBTH Asia Holdings and remains subject to shareholder approval.
• October 23 trading volume reached 174.22 million shares.