JAKARTA – PT Merdeka Copper Gold Tbk (MDKA) restructures its subsidiary by selling off its shares in PT Batutua Pelita Investama (BPI) to PT Merdeka Battery Materials (MBM).

Based on the information disclosure quoted Wednesday (18/1), Adi Adriansyah Sjoekri, Corporate Secretary of MDKA, mentioned that MDKA’s shares in BPI that has been transferred to MBM amount to 1,447,766 shares. The transfer is intended to integrate BPI with MBM, which focuses on nickel mining and processing.

MBM is listed MDKA’s subsidiary through PT Merdeka Energi Nusantara (MEN), which was previously known as PT Batutua Tambang Abadi. It controls 59.88% of the entire issued and paid-up capital of IDR 8.29 trillion. (LK/ZH)