Krakatau Steel Guarantees Rp13.94 Trillion Assets to Danantara Asset Management

Danantara (Photo: Antara)

JAKARTA - PT Krakatau Steel (Persero) Tbk (KRAS) is known to have mortgaged the company's assets to PT Danantara Asset Management with a value of IDR 13.94 trillion on January 8, 2026.

Meanwhile, the value of the guarantee is equivalent to more than half of the total net worth of the red plate steel issuer.

Based on the disclosure of information submitted through the Indonesia Stock Exchange (IDX), the encashment of this asset was carried out in the context of the implementation of the Shareholders' Loan Agreement signed on December 19, 2025 by Krakatau Steel and PT Danantara Asset Management (Persero).

The corporate action has obtained shareholder approval through the General Meeting of Shareholders (GMS) held on December 23, 2025.

In addition, this policy is part of the company's restructuring agenda which refers to Law Number 16 of 2025 concerning the fourth amendment to the SOE Law.

The asset appropriation is carried out through four legal instruments, namely the fiduciary guarantee deed for inventory, the fiduciary guarantee deed for receivables, the deed of pledge agreement, and the deed of granting a liability.

Krakatau Steel management confirmed that although the value of the guarantee was considered significant and covered more than 50 percent of the company's net assets, the transaction did not have a material negative impact on the company's operations, legal, financial, and business continuity conditions.

"The transaction has no material negative impact that could disrupt the Company's operational, legal, financial condition and business continuity activities," he wrote, quoted Monday, January 12.