JAKARTA. Earlier this week, PT Aneka Tambang Tbk (ANTM) or Antam has signed a sale and purchase agreement, transferring shares of its subsidiary, PT Sumber Daya Arindo (SDA), to Hong Kong CBL Limited. However, Antam confirmed that it will still have the control over the majority of the shares of SDA.

"In conclusion, Antam will still gain majority shares in SDA, while HKCBL secures a minority of the shares. For the transaction value, we will announce further in the information disclosure," Syarif Faisal Alkadrie, Corporate Secretary of ANTM, explained yesterday (17/1).

On January 16, 2023, ANTM and HKCBL signed the conditional shares sale and purchase agreement for some of ANTM's portion in SDA as a part of a collaborative effort in the development of the electric vehicle (EV) battery ecosystem in Indonesia. The agreement signing follows the Framework Agreement for the integrated EV battery ecosystem development in Indonesia, involving ANTM, CBL, and PT Industri Baterai Indonesia.

Alkadrie also said that the detail of the shares percentage will be further revealed in the information disclosure. (AM/ZH)