{
    "success": true,
    "data": {
        "id": 1662612,
        "msgid": "erajaya-establishes-joint-venture-for-led-display-business-1775602329",
        "date": "2026-04-08 03:23:20",
        "title": "Erajaya Establishes Joint Venture for LED Display Business",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "PT Erajaya Swasembada Tbk's subsidiary, PT Sinar Eka Selaras Tbk (ERAL), has formed a joint venture with Pan Asia Indonesia Limited to launch PT Mega Cahaya Indonesia (MCI), focusing on LED displays, videowalls, and smartboards in Indonesia. The venture, valued at Rp10.1 billion, sees ERAL holding a 70% stake funded entirely from internal cash reserves, marking an expansion of Erajaya Group's technology visual solutions portfolio. This move is expected to bolster the group's position in the growing Indonesian market for visual technology products and services.",
        "content": "<p>Erajaya establishes a joint venture for the LED display business\nthrough its subsidiary ERAL and Pan Asia Indonesia Limited. The LED\ndisplay line serves as the focus of the joint venture company\u2019s\nbusiness. INFOBRAND.ID, Jakarta \u2013 A subsidiary of PT Erajaya Swasembada\nTbk, namely PT Sinar Eka Selaras Tbk (ERAL), has formed a joint venture\nto develop the LED display business in Indonesia. This collaboration is\nundertaken with Pan Asia Indonesia Limited by establishing a new entity\nnamed PT Mega Cahaya Indonesia (MCI). The joint venture company will\nfocus on providing products and supporting services in the visual\ntechnology sector, including the trading of LED displays, videowalls,\nand smartboards. This step is part of the business expansion carried out\nby the Erajaya Group through its subsidiaries. Head of Legal &amp;\nCorporate Secretary of ERAA, Amelia Allen, stated that the process of\nforming the joint venture has been completed and is legally valid.\n\u201cThus, the formation of the joint venture between the transacting\nparties has been finalised and declared valid as of 1 April 2026,\u201d she\nsaid in a disclosure on the Indonesia Stock Exchange, Tuesday (7\/4). The\ninvestment value for establishing PT Mega Cahaya Indonesia amounts to\nRp10.1 billion. The funding is entirely sourced from the internal cash\nof each party, namely ERAL and Pan Asia Indonesia Limited. In the\nownership structure, ERAL holds the majority stake of 70 per cent,\nequivalent to 7,070 shares or valued at Rp7.07 billion. Meanwhile, Pan\nAsia Indonesia Limited owns 30 per cent of the shares, namely 3,030\nshares valued at Rp3.03 billion. Each share in the company has a nominal\nvalue of Rp1 million. The formation of this joint venture also impacts\nthe expansion of the business lines owned by Erajaya through its\nsubsidiary entities. Amelia stated, \u201cWith the establishment of this\njoint venture, it will result in an addition to the business lines owned\nby the company through its subsidiary entities.\u201d For information, ERAL\nis a company under the control of Erajaya Swasembada with direct\nownership of 80 per cent. The presence of PT Mega Cahaya Indonesia is\nexpected to strengthen the group\u2019s position in developing the LED\ndisplay business and visual technology solutions in the Indonesian\nmarket.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/erajaya-establishes-joint-venture-for-led-display-business-1775602329",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}