Express Group (Indonesian Land Transportation)
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Express Group (Indonesian Land Transportation)
PT Express Transindo Utama Tbk (doing business under the name Express Group) is a Indonesian ground transportation company headquartered in Jakarta. Until the end of 2021, this company operates 130 taxi units and 40 bus units in Jadetabek (Greater Jakarta). Express Group is also the second largest taxi company in Indonesia after Blue Bird Group. History The company started its history in 1981 as a trading and distribution company under the name "PT Kasih Bhakti Utama". In 1991, this company changed its name to what it is now and shifted its business to land transportation. In 2002, the company started implementing a partnership scheme, in which drivers can operate one unit of the company's vehicle for five to seven years. After that, the vehicle can belong to the driver. In 2010, the company started providing premium taxi services, and in 2012, the company officially listed on the Indonesia Stock Exchange. In 2021, the company is holding a second private placement. Subsidiar ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ...
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Indonesia Stock Exchange
Indonesia Stock Exchange (IDX) ( id, Bursa Efek Indonesia, formerly nl, Vereniging voor de Effectenhandel) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). During recent years, Indonesia Stock Exchange sees fastest membership growth in Asia. As of September 2021, the Indonesia Stock Exchange had 750 listed companies, and total stock investors were about 6.4 million, compared to 2.5 million at the end of 2019. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. The current location of the Indonesian Stock Exchange is located in the IDX building in the Sudirman Central Business District, South Jakarta, close to Pacific Place Jakarta. History Colonial Era Historically, the capital market has existed long before Indonesia's independence. Since the new era of Dutch East Indies government they b ...
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