JAKARTA – PT Chandra Asri Pacific Tbk (TPIA) has addressed rumours regarding the potential Initial Public Offering (IPO) of its subsidiary, PT Chandra Daya Investasi (CDI).

Suryadi, Director of TPIA, stated that Chandra Asri Group is currently unable to provide any concrete information regarding the IPO plans.

"We will provide updates once there are developments we can share," he said, as quoted from Katadata.co.id on Thursday (20/2).

Erri Dewi Riani, General Manager of Legal & Corporate Secretary at Chandra Asri, had previously confirmed the connection with CDI in a public disclosure. CDI, which operates in the investment sector, specifically infrastructure, is one of the key growth drivers for Chandra Asri Group.

Nevertheless, TPIA’s management is still in the internal discussion stage regarding the IPO plans. (DH/ZH)