JAKARTA. PT Episenta Utama Investasi (EUI) has transferred 51% of PT Nusantara Pelabuhan Handal Tbk (PORT) to China Merchants Port Holdings Limited (CMP).

According to Lina, Corporate Secretary of PORT, the PORT’s shares acquisition agreement was signed by EUI and CMP on November 20, 2023. CMP has announced its plan to acquire 51% of PORT in Hongkong Stock Exchange.

The value of the acquisition of 51% of PORT will worth USD 61.2 million, equal to approximately IDR 943.6 billion. The number of acquired shares is 1.43 billion units, worth IDR 657 each.

“The purpose of this acquisition plan is to promote strategic port network of CMP in Southeast Asia and fully utilise local partnerships to penetrate Indonesian market,” Lina said in the information disclosure in Indonesia Stock Exchange (IDX).

“The legal effect of the shares divestment transaction mentioned above is the change in the controlling shareholder position to CMP,” added Lina.

In the first trading session, PORT’s stock price was closed 5 points higher, or 0.62% higher, to IDR 810 per share. In the meantime, within the past 5 years, PORT’s stock price has gone 37.29% or 220 points higher. (KR/ZH)