JAKARTA - PT Chandra Asri Pacific Tbk (TPIA) will separate PT Chandra Pelabuhan Nusantara (CPAT), its business line in the port, harbour, and storage service, from itself. CPAT’s spin-off is expected to provide added value for the company’s shareholders.

In the information disclosure quoted Monday (18/3), CPAT records authorised capital of IDR 12 billion, issued and paid-up capital of IDR 3 billion, and the stock in portfolio of IDR 9 billion. The shareholder structure consists of TPIA of 99.99% and PT Buana Primatama Niaga (BPN) of 0.01%.

This spin-off plan will be further decided during the Annual General Meeting of Shareholders and the signing of spin-off deed on May 8. With this corporate action, the management of TPIA is said to optimise asset management, diversify business development, and enhance the potential of strategic and synergic partnership development.

As of February 2024, TPIA’s authorised capital was IDR 12.26 trillion, while its issued and paid-up capital was IDR 4.32 trillion, and the stock in portfolio was IDR 8.68 trillion. (LK/ZH)