JAKARTA – Honour Accord Limited (HAL) is set to acquire 80% of PT Aesler Grup International Tbk (RONY) from its two major shareholders, PT Nakula Investama Indonesia (NII) and PT Karimun Jawa Pratama (KJP). Amidst this plan, however, Indonesia Stock Exchange (IDX) authorities have temporarily suspended trading of RONY shares.

In a press release issued on Thursday (19/12), Teny Siti Febryani, President Director of RONY, stated that Honour Accord plans to take over 1 billion shares, or equal to 80% of the total issued and paid-up shares from NII and KJP, which are the controlling shareholders.

“If negotiations are finalised, Honour will effectively become the controlling shareholder of the company,” Febryani said.

As of November 2024, RONY's total shares stand at 1.25 billion, with the controlling shareholders holding 80%, while 20% of the shares are held by non-controlling shareholders.

The company also has 250 million shares in free float, representing 20% of the total shares, and 196 shareholders.

As of yesterday (18/12), RONY's stock price surged by 513.17% from IDR 296 per share, which was the closing price on 2/1. This significant rise in share price has been especially noticeable since the end of September 2024. (LK/ZH)