JAKARTA – PT Iforte Solusi Infotek, the new controller of PT Inti Bangun Sejahtera Tbk (IBST) will conduct a mandatory tender offer for 133.61 million shares or 9.89% of total issued and paid-up capital of IBST.

In the prospectus quoted Friday (23/8), Iforte mentioned that the company has enough to see this mandatory tender offer through. As of June 2024, Iforte was recorded saving IDR 743.32 billion in Bank Permata (BNLI).

Iforte is known to be the new controller of IBST by taking over 1.21 billion shares or 90.11% of total issued and paid-up capital of IBST.

For more details, 114.76 million of said shares were taken over from PT Dian Swastatika Sentosa Tbk (DSSA) for IDR 322.81 billion, 1.07 billion shares from PT Bakti Taruna Sejati (BTS) for IDR 3.03 trillion, 200 shares from PT Inovasi Mas Mobilitas 200 for IDR 562,600, and 23.39 million shares from PT DSST Mas Gemilang worth IDR 65.82 billion.

In this corporate action, Iforte has set the offering price to IDR 4,067 per share. The price is higher than the previous purchase price of IDR 2,813 per share. MTO will be held for a month, starting from August 24 to September 22, 2024.

After IBST takeover, its authorised capital is set to IDR 1.5 trillion, with issued and paid-up capital of IDR 675.45 billion, and the stock in portfolio worth IDR 824.54 billion. Iforte controls 90.11% of the shares, while the public has 9.89%. (LK/ZH)