JAKARTA – PT Avia Avian Tbk (AVIA) has expanded its business by investing in PT Dextone Lemindo on March 13, 2025.

Hera Septi Astuti, Corporate Secretary of AVIA, stated that the company would acquire a 16.67% stake in PT Dextone Lemindo through an equity injection amounting to IDR 275.8 billion.

Dextone Lemindo operates in the adhesives industry. "This transaction is expected to have a positive impact on the company in terms of expanding its business activities and product portfolio in the adhesives sector," Hera explained in a written statement on Friday (14/3).

Through this transaction, AVIA also aims to leverage a strategic position by distributing Dextone's products via its subsidiary, PT Tirtakencana Tatawarna.

Following this capital injection, the shareholding structure of PT Dextone Lemindo consists of PT Sinar Panca Kencana holding 66.66%, PT Ksatria Artha Sentosa 16.67%, and AVIA with 6.67%.

As of Friday’s trading (14/3), at 2.06 PM WIB, AVIA's stock price was up 0.49% to IDR 410 compared to the closing price of the first session today. (DH/ZH/VA)