JAKARTA – PT Confectionery Consumer Products Indonesia (CCPI) has completed the acquisition of 90% of the shares in PT Yupi Indo Jelly Gum Tbk (YUPI), previously owned by PT Sweets Indonesia (SI) and Daniel Budiman.

In a disclosure on Wednesday (26/3), Nugroho Harjono, YUPI’s Finance Director, announced that the share takeover transaction took place in a negotiated market.

"Since the completion date, CCPI has officially become the controlling shareholder of YUPI," he stated.

Following the acquisition, YUPI’s shareholders appointed Benny Lim Jew Fong and Aston Zheng Long as two new commissioners, replacing Imam Liyanto and Djonny Koesoemahardjono.

Previously, SI owned 89.90% of YUPI’s issued and fully paid capital, equivalent to 427.22 million shares, while Daniel Budiman held 0.10% and the public owned 10%.

This issuer made its debut on the stock market yesterday (25/3), offering 854.44 million shares at IDR 2,390 per share.

The shares consisted of 256.33 million new shares, representing 3% of YUPI’s issued and fully paid capital, and 598.11 million shares divested by SI, representing 7%.

At the IPO yesterday, YUPI successfully raised fresh funds of IDR 2.04 trillion. (LK/ZH)