JAKARTA - PT International Mineral Capital (IMC), a subsidiary of PT Aneka Tambang Tbk (ANTM), will transfer some of its shares in PT Feni Haltim (FHT) to Hong Kong CBL Limited (HKCBL) to promote electric battery ecosystem development in East Halmahera, North Maluku.

Syarif Faisal Alkadrie, Corporate Secretary of Aneka Tambang, said that this conditional shares transfer agreement had been signed last week (4/5). "The agreement signing will ensure full occupancy for tenants in the FHT industrial zone, thus providing a promising investment climate for Indonesia," he said in the press release quoted Tuesday (9/5).

HKCLB is a subsidiary of Ningbo Contemporary Brunp Lygend Co Ltd (CBL), which has already had a portfolio in developing and managing the nickel industrial area.

At the same time, the company and HKCBL also signed a shareholder agreement regarding the shares transfer of ANTM in FHT after the official conditional share purchase agreement (CSPA) date. In the future, FHT's financial report will no longer be consolidated into ANTM. (LK/ZH)