ASII EGMS Agrees To Take Over 36.5 Percent Of Suryacipta Swadaya's Shares

ASII EGMS approved the takeover of 36.5 percent of Suryacipta Swadaya's shares. (Photo: Special)

JAKARTA The Extraordinary General Meeting of Shareholders (EGMS) of PT Surya Semesta Internusa Tbk (SSIA) has approved the plan to sell part of the shares owned by the Company in PT Suryacipta Swadaya (SCS) to investors and new stock expenditures by PT Suryacipta Swadaya.

At the EGMS which took place on Friday (21 June 2024), SSIA also signed a Deed of Sale and Purchase of Shareholders of SCS Approval for the Issuance of New SCS Shares, which will all be taken part by PT Puri Bumi Lestari (PBL) with a total value of IDR 3.1 trillion.

President Director of PT Surya Semesta Internusa Tbk (SSIA), Johannes Suriadjaja said the approval of the EGMS for transactions and the signing of the Sale and Purchase of Shares Deed and the Approval Deed of Shareholders for the Issuance of New Shares on June 21, 2024 is a significant event from the new chapter of business development.

With the signing of this transaction, his party will receive payment of transactions, which is 90 percent of the transaction value or around Rp. 2.8 trillion.

"The additional capital deposit from PBL into SCS will accelerate the development of the Subang Smartpolitan Industrial Estate so that it will be more attractive to potential buyers of the Subang Smartpolitan Industrial Estate," Johannes told wartawa, Monday, June 24.

In addition, he is optimistic that the entry of PBL as a strategic investor will further strengthen SCS's capital structure by reducing SCS' debt to banks.

"Indirectly it can reduce interest costs and is ultimately expected to make SCS more competitive," he concluded.