Four Karya SOEs Officially Transfer Danantara Shares to BP BUMN

BP BUMN (Photo: VOI)

JAKARTA - Consolidation of ownership in the BUMN ecosystem is rolling again. After the bank members of the Bank Association (Himbara), now it is the turn of four red plate construction companies that transferred part of the Series B shares owned by PT Danantara Asset Management (Persero) or DAM to the BUMN Regulation Agency (BP BUMN).

The announcement was made through the disclosure of information by the Indonesia Stock Exchange (IDX) by PT Waskita Karya (Persero) Tbk (WSKT), PT Wijaya Karya (Persero) Tbk (WIKA), PT Pembangunan Perumahan (Persero) Tbk (PTPP), and PT Adhi Karya (Persero) Tbk (ADHI).

This step emphasizes BP BUMN as a representative of the government in the ownership of Series A Dwiwarna shares, which has a strategic position in corporate decision-making.

Waskita Karya

Launching from the disclosure of information from the Indonesia Stock Exchange (IDX), Thursday, January 8, Waskita Karya became one of the companies that transferred DAM shares to BP BUMN. The percentage released reached 0.75 percent of Series B shares. Through this transaction, BP BUMN now holds 217,056,33 shares of Series B from Waskita Karya.

The Indonesian government also remains the ultimate beneficial owner of Waskita Karya with direct ownership of 1 share of Series A Dwiwarna through BP BUMN.

In addition, the government through BP BUMN also holds direct ownership of 217,056,330 series B shares. Then, there is indirect ownership of 21,488,577 series B shares through PT DAM which is consolidated in the Danantara Investment Management Agency (BPI).

WIKA

Wijaya Karya also took a similar step by transferring 0.91 percent of DAM's Series B shares to BP BUMN. With this transaction, BP BUMN now holds 362,917,027 WIKA Series B shares, while DAM still holds 35,928,785,753 Series B shares.

The government remains the ultimate beneficial owner of WIKA with direct ownership of 1 share of Series A Dwiwarna through BP BUMN.

In addition, the government also has direct ownership of 362,917,027 series B shares. Then, there is indirect ownership of 35,928,785,753 shares of Series B through PT DAM which are consolidated in the Danantara Investment Management Agency (BPI).

Later, the transfer of Series B shares owned by PT DAM to BP BUMN will be classified as Series A Dwiwarna shares, so that the Government holds 1 percent of Series A Dwiwarna shares in WIKA.

PT PP

PT PP also transferred 31,619,477 shares of Series B, equivalent to 0.51 percent of ownership from DAM to BP BUMN. The impact of the transaction made DAM's ownership down from 3,161,947,835 shares of Series B at PT PP, now remaining 3,130,328,358.

With this transaction, the government remains the ultimate beneficial owner of Waskita Karya with direct ownership of 1 share of Series A Dwiwarna through BP BUMN.

In addition, the government also has direct ownership of 31,619,477 series B shares. Then, there is indirect ownership of 3,130,328,358 series B shares through PT DAM which is consolidated in the Danantara Investment Management Agency (BPI).

The transferred shares will also be converted into Dwiwarna, placing the government as a 1 percent holder of Dwiwarna Series A shares in PT PP.

Adhi Karya

Adhi Karya became the fourth construction state-owned enterprise that has been recorded to transfer DAM shares. The company transferred 0.64 percent of Series B shares or 54,087,737 shares to BP BUMN. DAM still holds 5,354,696,054 Series B shares, equivalent to 63.69 percent of voting rights in the company.

The shares transferred will also be converted into Dwiwarna, placing the government as a 1 percent holder of Dwiwarna Series A shares in ADHI.