{
    "success": true,
    "data": {
        "id": 1702922,
        "msgid": "idx-response-astrindo-bipi-emphasises-divestment-plan-still-in-preliminary-stages-bca-sekuritas-1777272697",
        "date": "2026-04-27 09:16:21",
        "title": "IDX Response: Astrindo (BIPI) Emphasises Divestment Plan Still in Preliminary Stages - BCA Sekuritas",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "PT Astrindo Nusantara Infrastruktur Tbk (BIPI) has confirmed its strategic plan to divest shares in its coal mining subsidiaries as part of a major transformation towards a more sustainable and environmentally friendly business portfolio. In response to the Indonesia Stock Exchange (IDX), the company's secretary stated that discussions with potential buyers are ongoing but remain in the early stages, with no binding agreements signed yet. This move aligns with ESG principles, focusing on accelerating the shift to renewable energy and clean infrastructure, while the company commits to transparency and good corporate governance.",
        "content": "<p>PT Astrindo Nusantara Infrastruktur Tbk (BIPI), or the Company, has\nconfirmed its strategic plan to divest or release ownership of shares in\nits subsidiaries operating in the coal mining sector. This step is taken\nas part of the company\u2019s major transformation towards a more sustainable\nand environmentally friendly business portfolio.<\/p>\n<p>In an official response letter to the Indonesia Stock Exchange (IDX)\ndated 24 April 2026, Astrindo\u2019s Company Secretary, Kurniawati Budiman,\nexplained that the company is currently conducting negotiations with\nseveral potential buyers. However, management emphasised that this\nprocess is still in the early stages.<\/p>\n<p>\u201cThe Company has not signed a Letter of Intent (LoI) or a conditional\nshare purchase agreement (CSPA). Therefore, there is currently no\nbinding agreement with any party,\u201d Kurniawati stated in her written\nremarks.<\/p>\n<p>Strategic Objectives and ESG Focus<\/p>\n<p>This divestment plan is not merely an ordinary corporate action but a\nmeasured step to optimise the company\u2019s investment structure. Astrindo\naims to accelerate the business transition to the renewable energy\nsector and the development of clean energy-based infrastructure, in line\nwith Environmental, Social, and Governance (ESG) principles. Regarding\ndetails of the subsidiaries to be divested, Astrindo\u2019s management stated\nthat specific information cannot yet be provided. This is because the\ninternal evaluation process and discussions with potential partners are\nstill preliminary and confidential.<\/p>\n<p>Transparency Commitment<\/p>\n<p>Management promises to promptly provide further information\ndisclosures if there are material developments, such as the signing of\nagreement documents or fulfilment of material transaction obligations in\naccordance with applicable regulations. To date, the company assures\nthat there are no other material events disrupting the company\u2019s\noperations or significantly impacting share prices. Astrindo reaffirms\nits commitment to prioritising good corporate governance in every\nstrategic step.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/idx-response-astrindo-bipi-emphasises-divestment-plan-still-in-preliminary-stages-bca-sekuritas-1777272697",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}