JAKARTA. Asia Agri International Pte. Ltd. will hold a mandatory tender offer for 581.58 million shares or 30.86% of PT Estetika Tata Tiara Tbk (BEEF) shares.

The tender offer share price has been set by Asia Agri at IDR 61 per share. “Asia Agri International Pte. Ltd. have sufficient funds available and are able to make full payments in this mandatory tender offer," wrote Asia Agri Management, in its official statement.

The tender offer period will take place on Wednesday (10/5) tomorrow, until 8 June 2023. The closing of the tender offer will be held on 20 June 2023. The securities company appointed as tender offer underwriter is PT BCA Sekuritas.

The tender offer carried out by Asia Agri is a follow-up action from the acquisition of 31.31% of BEEF shares, which was carried out on 20 February 2023. At that time Asia Agri took over 360 million shares of BEEF from PT Tigatunggal Adimulya and 230 million shares from PT Brida Mamur Sejahtera.

According to idnfinancials.com data, Asia Agri is a company that operates import and export trade. The company is registered in Singapore. Asia Agri is owned directly by Refin Satrio with 50% share ownership and 50% by Reria Erhar. (KR/LM)