The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

WongPartnership LLP

WongPartnership LLP Overview PDF WongPartnership LLP Overview PDF
Work +65 6416 8000
Fax +65 6532 5711
Abu Dhabi, Beijing, Dubai, Jakarta, Kuala Lumpur, Shanghai and 2 more
Capital markets

Capital markets


Maintaining a position as a prominent legal player in the field of Capital Market for more than 22 years, Makes & Partners continues to deliver excellent and professional services which have been widely acknowledged by the legal community. In late 2015, Makes & Partners received an award for its role in the massive Global IPO of PT Mitra Keluarga Karya Sehat Tbk. Overcoming challenges posed by the stringent application of Indonesian Capital Market laws and regulations in addition to issues encountered in the highly regulated field of health care. The Global IPO of said company is considered as the largest Indonesian IPO for private companies in recent years, raising approximately $344m.

As a leading capital market law firm in Indonesia, Makes & Partners has become a prominent advisor on numerous global public offerings (debt and equity) by Indonesian companies listed in international exchanges, and international private placements, by way of Rule 144A and Regulation S. In 2012, Makes & Partners alone was responsible for one third of the listed capital markets transactions in the Indonesia Stock Exchange.

Some of the more notable capital market transactions which we have advised on include the following:

  • Rights issue of PT Bentoel Investama Tbk having a deal value of approximately US$980,000,000, which is the second largest rights issue in Indonesia to date.
  • The hugely successful IPO of 261,913,000 shares of the common stock of PT Mitra Keluarga Karyasehat Tbk, which is considered to be the largest Indonesian IPO to date, beating the IPO of taxi operator heavyweight Bluebird, which raised approximately USD200 million in 2014.
  • Issuance of IDR2,205,000,000,000 bonds by PT Hotel Candi Baru, a company engaged in the hospitality industry.
  • Issuance of US$300,000,000 aggregate principal amount of 5.95% Senior Notes due 2024 issued by APL Realty Pte. Ltd., a company wholly owned by PT Agung Podomoro Land Tbk. (“APLN”) and guaranteed by APLN and certain of its subsidiaries, pursuant to Regulation S.
  • Issuance by West Bridge Developments Limited of IDR 675,000,000,000 20% Guaranteed Exchangeable Bonds due 2022, exchangeable into fully-paid ordinary shares of PT Mega Manunggal Property Tbk.
  • Issuance of US$425,000,000 aggregate principal amount of 6.75% Senior Notes due 2026 issued by Theta Capital Pte. Ltd., a company wholly owned by PT Lippo Karawaci Tbk. (“Lippo”), and guaranteed by Lippo and certain of its subsidiaries, pursuant to Regulation S.
  • IPO of 22,174,000 shares of PT MAP Boga Adiperkasa Tbk, a subsidiary of PT Mitra Adiperkasa Tbk.
  • Issuance of US$30,000,000 aggregate principal amount of 9.75% Senior Notes due 2018 by Pacific Emerald Pte. Ltd., and guaranteed by PT Multipolar Tbk. as parent guarantor.
  • Offer and sale through a private placement of an aggregate number of 912,794,000 ordinary shares of Link Net by First Media, Asia Link Dewa Pte. Ltd. and other selling shareholders.
  • Offer and sale through a private placement of a total of 1,167,170,000 ordinary shares of the retail giant PT Matahari Department Store Tbk. by Asia Color Company Ltd and PT Multipolar Tbk. and of up to 175,075,500 additional over-allotment shares by Asia Color Company Ltd.
  • IPO of PT MNC Sky Vision Tbk amounting to approximately 1.2 Trillion Rupiah.
  • Public bond offering in Indonesia of media heavyweight, PT Global Mediacom, Tbk., previously known as PT Bimantara Citra Tbk.
  • Issuance of US$175M Global Notes by Jababeka International B.V. as the Issuer, and guaranteed by PT Kawasan Industri Jababeka Tbk. as the parent guarantor.

Legal Developments by:
WongPartnership LLP

Legal Developments in Singapore

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to