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CT Corp
CT Corp (formerly known as Para Group) is one of Indonesia's largest diversified conglomerates. The group was founded by Chairul Tanjung in 1987. CT Corp operates consumer-centric businesses nationwide across four key industries: financial services, media and entertainment, retail, as well as property.
CT Corp started out as a small children's shoes export business with a capital of Rp 150 million, which Chairul Tanjung obtained from Bank Exim.
In 1996, CT Corp acquired Mega Bank and changed its name to Bank Mega. CT Corp also took over Bank Tugu and changed its name to Bank Mega Syariah.
On 28 March 2001, Bank Mega listed in the Indonesia Stock Exchange for Rp. 1,125 per share. Since then, Bank Mega has continued to be CT Corp's largest cash flow generator.
CT Corp's financial services arm continues to grow. It launched one of Indonesia's largest digital banks, Allo Bank (IDX: BBHI) on 20 May 2022.
CT Corp's media business started with the operation of Trans TV, the group's earliest and oldest free-to-air TV channel. The turning point of Trans TV's success took place since the first quarter of 2002. According to a Nielsen Media Research survey, at that time, Trans TV was ranked fifth as the highest number of adverts from 10 television stations, namely Rp 149.2 billion.
Armed with performance success, and pegged to number two at the end of 2005, Trans TV made a memorandum of understanding to buy part of TV7 shares held Kompas Gramedia Group through its parent company Trans Corp in June 2006, and changed the name and identity of TV7 company to Trans7 on 15 December that year.
CT Corp also operates digital media companies, including Indonesia's largest local news source Detik.com. The group also operates CNN and CNBC Indonesia.
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CT Corp
CT Corp (formerly known as Para Group) is one of Indonesia's largest diversified conglomerates. The group was founded by Chairul Tanjung in 1987. CT Corp operates consumer-centric businesses nationwide across four key industries: financial services, media and entertainment, retail, as well as property.
CT Corp started out as a small children's shoes export business with a capital of Rp 150 million, which Chairul Tanjung obtained from Bank Exim.
In 1996, CT Corp acquired Mega Bank and changed its name to Bank Mega. CT Corp also took over Bank Tugu and changed its name to Bank Mega Syariah.
On 28 March 2001, Bank Mega listed in the Indonesia Stock Exchange for Rp. 1,125 per share. Since then, Bank Mega has continued to be CT Corp's largest cash flow generator.
CT Corp's financial services arm continues to grow. It launched one of Indonesia's largest digital banks, Allo Bank (IDX: BBHI) on 20 May 2022.
CT Corp's media business started with the operation of Trans TV, the group's earliest and oldest free-to-air TV channel. The turning point of Trans TV's success took place since the first quarter of 2002. According to a Nielsen Media Research survey, at that time, Trans TV was ranked fifth as the highest number of adverts from 10 television stations, namely Rp 149.2 billion.
Armed with performance success, and pegged to number two at the end of 2005, Trans TV made a memorandum of understanding to buy part of TV7 shares held Kompas Gramedia Group through its parent company Trans Corp in June 2006, and changed the name and identity of TV7 company to Trans7 on 15 December that year.
CT Corp also operates digital media companies, including Indonesia's largest local news source Detik.com. The group also operates CNN and CNBC Indonesia.
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