JAKARTA – PT Eco Energi Perkasa (EEP), the new controlling shareholder of PT Abadi Nusantara Hijau Investama Tbk (PACK), has announced a mandatory tender offer, starting from February 25 until March 26, 2025.

According to the official statement from PACK’s management on Monday (24/2), the tender offer price is set at IDR 37 per share. With a maximum of 689.95 million shares being offered, the total value of the tender offer amounts to IDR 25.52 billion.

It is worth noting that the tender offer price set by EEP in this corporate action is far below the market price. On Monday (24/2), PACK shares closed at IDR 2,360 per share, rising 10% or 210 points from the previous week’s closing price.

Nevertheless, PACK’s management emphasised that EEP has sufficient funds to meet its payment obligations in this corporate action. They also assured that there are no plans to liquidate PACK or make significant changes to dividend policies, nor is there a likelihood of going private.

PT BCA Sekuritas has been appointed to assist with the implementation of this corporate action. Interested investors may participate in the tender process during the specified period. (EF/KR/ZH)