Practice Focus

Corporate & Capital Market

 

Sub-Practice & Industry

Equity & Debt Securities, Merger & Acquisitions, State Owned Enterprises, Corporate Compliances

 

Language

Indonesian & English

Rininta Sharfina Affandi

ASSOCIATE

+62 21 5082 5082

rininta@umbra.law

Rininta joins UMBRA – Strategic Legal Solutions in September 2019. She graduated from Faculty of Law of Universitas Indonesia in 2017, and passed the Indonesian bar exam in 2018. Rininta focuses on Corporate and Capital Market practices. She has assisted local and major multinational institutions in transactional and advisory matters involving equity and debt securities, mergers & acquisition, real estate and general corporate.

PROFILE DETAILS

Education

  • Universitas Indonesia, Faculty of Law, Undergraduate Program, Bachelor of Laws (2013-2017)

REPRESENTATIVE DEALS

Rininta’s experience includes:

 

Capital Market & Securities

  • Representing PT PLN (Persero) (“PLN“) in its offering of Rp30 trillion bonds and Ijarah Sukuk as part of its 2020-2022 shelf offering program (Penawaran Umum Berkelanjutan) (2020-2022).
  • Representing PT Jasa Marga (Persero) Tbk in its offering of Commercial Paper with a maximum value of Rp500 billion (2020).
  • Representing a prominent mining company in its proposed Rights Issue process (ongoing).
  • Representing a prominent GPS supplier company in its proposed Initial Public Offering process (ongoing).
  • Representing a prominent real estate company in its proposed Initial Public Offering process (ongoing).
  • Representing a state-owned telecommunication company in its offering of bonds as part of its continuous local bonds offering (ongoing).
  • Representing a state-owned construction company in its offering of Senior Notes (ongoing).
  • Representing a construction company in its plan to transfer its treasury shares (ongoing).
  • Advising one of the largest Indonesian publicly listed state-owned mining company in connection with the implementation of good corporate governance as one of the member in the SOE Mining Holding Company (2019).
  • Representing PT Jasa Marga (Persero) Tbk in the issuance of infrastructure investment fund based on collective investment contract (DINFRA) with a value of IDR 423.5 billion. In this transaction, the DINFRA is issued through a public offering for the purpose of financing the toll road concession managed by PT Jasamarga Pandaan Tol, as one of the subsidiaries of PT Jasa Marga (Persero) Tbk (2019).
  • Advising a multinational private bank on regulatory requirements to conduct online trading in Indonesia (2019).
  • Representing a prominent Indonesian publicly listed company (one of Indonesia’s biggest conglomerates) in its USD 150 million investment in an Indonesian unicorn company. The additional capital will help to create more innovations and improve the strength of the Indonesian economy (2018).
  • Representing PT Intan Baruprana Finance Tbk in the pre-emptive rights offering of 264,579,856 new shares as part of its restructuring plan (2019).
  • Advised the Arrangers and Dealers on the issuance of USD 1 billion Euro Medium Term Note by an Indonesian multifinancing company (2018).

 

Mergers and Acquisitions

  • Representing PT Telekomunikasi Indonesia (Persero) Tbk in a complex sale & leaseback transaction of 2,100 telecommunication towers of PT Indosat Tbk through a competitive bidding process (2019).
  • Representing a French multinational luxury goods conglomerate in the indirect shares acquisition of a prominent multinational hotel group with a value of USD 3.2 billion through a competitive bidding process. We completed the deal within a challenging timeline and assist the French conglomerate in making the winning bid (2019).
  • Representing a Thailand company in the shares acquisition of a publicly listed company in Indonesia that engages in households and building materials business and distribution (2018).
  • Representing foreign real estate companies in a real estate refinancing and acquisition majority shares of an Indonesian real estate developer in Bali that engages in a five stars hotel business (2019).
  • Representing an Indonesian warehouse real estate developer company in acquiring 211,384 sqm land in Bekasi Regency from two local real estate companies (2018).
  • Advising a multinational foundation in its plan to acquire the real properties in Indonesia (2019).
  • Advising a multinational American web services company in the proposed plan to acquire the real properties in Indonesia (2018).
  • Advising an American flavours and fragrances producer in relation to its compliance on the zoning requirements of its industry in Karawang, West Java, Indonesia (2018).

 

State-Owned Entities Practice and Corporate Compliance

  • Representing and assisting Ministry of State-owned Enterprises, PT Barata Indonesia (Persero), PT Boma Bisma Indra (Persero), PT Dok Perkapalan Kodja Bahari (Persero), PT Dok Perkapalan Surabaya (Persero), PT Industri Kapal Indonesia (Persero), and PT Rekayasa Industri for the proposed establishment of Indonesian State-Owned Manufacture Holding (ongoing).
  • Representing and assisting Ministry of State-owned Enterprises, PT Hotel Indonesia Natour (Persero), PT Patra Jasa (Persero), PT Pegadaian (Persero), PT Aero Wisata, and PT Wijaya Karya Realty for the proposed establishment of Indonesian State-Owned Hotel Holding (ongoing).

Public Speaking & Academic Activities

  • Speaker in legal workshop on “Turn a Disruption into an Opportunity in Terms of Capital Market” in ALSA Legal Visit 2020 held by Asian Law Students’ Association Local Chapter Universitas Indonesia (October 2020).
  • Speaker in legal training on “Transaksi Afiliasi dan Transaksi Benturan Kepentingan berdasarkan POJK 42/2020” held by PT Telkom Indonesia (Persero) Tbk (August 2020).