Battle in Danareksa

Following the appointment of Edgar Ekaputra Sujanto as the president director of PT Danareksa for nine months for filling the former Lin Che Wei post after his resignation, the boards of directors will be promptly replaced.
The current recent boards of directors include Aloysius Kiik Ro, Muhammad Hanif, Sebastianus Harry Wiguna, and Wahzary Wardaya. They are one package of directors including Lin Che Wei appointed by the former Minister for State Enterprise Sugiharto at the time.
One of the reasons behind the replacement is due to the fact of less befitting relation with Edgar Ekaputra.
However, Danareksa commissioners claimed the change scenario comes from the State Enterprise Ministry. Those commissioners include Sutan Remy Sjahdeini, Soehandjono, Dino Patti Djalal, and Mohamad Ikhsan.
Danareksa Sekuritas, Danareksa subsidiary company with its 99 percent share ownership, is deemed the largest contributor to 70 percent revenue of Danareksa last year and PT Danareksa Investment Management coming after with 14 percent contribution.
Danareksa Sekuritas follows some underwriting tenders for initial pubic offering (IPO) in some state enterprises including PT Krakatau Steel, PT Perkebunan Nusantara (PTPN) III, IV, and VII. Danareksa could likely become the underwriter for PTPN VII IPO with the highest score in the beauty contest.
Bloomberg data on IPO underwriter shows that Danareksa Sekuritas is on the top four with 5.6 percent market shares worth IDR2.02 trillion which comes after PT MAndiri Sekuritas with 9.8 percent market shares worth DIR3.49 trillion.
Most Danareksa Sekuritas deals are bonds IPO as done by Indosat, Mayora Indah, Tunas Financindo Sarana, and some others. One of stock IPO is from PT Indika Energy Tbk.