Indonesia’s PT Saratoga Investama Sedaya Tbk (SRTG), its unit PT Mitra Pinasthika Mustika Tbk (MPMX) and Golden Valley Advisors Inc. have dropped plans to buy a 51 per cent stake in taxi operator PT Express Transsindo Utama Tbk (TAXI) from PT Rajawali Corpora due to volatile market conditions, according to its filing to the Indonesia Stock Exchange.
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