JAKARTA - PT Samindo Resources Tbk (MYOH), the controlling shareholder of PT Transkon Jaya Tbk (TRJA), will hold a mandatory tender offer of a maximum of 271.83 million shares or 18% of its total issued and paid-up capital. The number of shares acquired by MYOH in this tender offer will not include 120.81 million of TRIA’s shares that belong to PT Damai Investama Sukses (DIS).

In the information disclosure quoted Monday (15/1), the tender offer price is set to IDR 281 per share or IDR 76.38 billion in total. Said price is the highest average of closing price within the past 90 days, starting from August 18 to November 15, 2023. The tender offer, starting from last week (12/1), will take place until February 12, 2024.

The shares’ acquisition in this tender offer will be conducted via crossing on Indonesia Stock Exchange (IDX), and the payment on February 28, 2023, will use Indonesian Rupiah (IDR). The issuer’s authorised capital is IDR 1.1 trillion, while its issued and paid-up capital reaches IDR 441.26 billion. ST International Corporation controls 59.03% of the shares, Low Tuck Kwong has another 14.18%, and the public of 26.79%.

On November 30, 2023, MYOH completed the acquisition of 74% of shares or 1.11 billion shares of DIS and PT MSJ Investama Abadi (MIA) in TRJA. Its issued and paid-up capital is IDR 151.02 billion, while the stock in its portfolio is worth IDR 248.98 billion.

After this acquisition, TRJA’s shareholders consist of DIS 8% (previously 51.93%), MIA 0% (previously 30.07%), PT Aneka stable at 7.61%, MYOH 74% (previously 0%), and the public stable at 10.39%. (LK/ZH)