Jakarta, CNBC Indonesia \u2014 The issuer affiliated with the Minister of\nHousing and Public Works Maruarar Sirait, PT Wahana Interfood Nusantara\nTbk (COCO), has announced plans to acquire shares in PT Sari Murni Abadi\n(SMA) as a step to expand sales of its chocolate products.<\/p>\n
According to the company\u2019s official website, SMA is a snack food\nmanufacturer with the Momogi trademark. The company established its\nfirst factory facility in Bogor, West Java, in 1998.<\/p>\n
The acquisition plan is set out in a Conditional Share Purchase\nAgreement (CSPA) with Metaside Global Holding Pte Ltd (MGH) on\nWednesday, 6 May 2026. In this transaction, COCO acts as the party that\nwill take over the shares owned by MGH in PT Sari Murni Abadi (SMA).<\/p>\n
In other words, COCO plans to purchase shares in SMA from MGH, with\nthe portion up to a maximum of 99.99% of all shares issued and paid up\nin SMA. MGH is a company domiciled in Singapore.<\/p>\n
The company stated that this transaction is being carried out to open\nup cocoa business opportunities in international expansion by utilising\ncomplementary distribution networks and capabilities.<\/p>\n
\u201cDriving revenue growth through optimisation of distribution channels\nin Indonesia and Vietnam, as well as expansion of distribution reach to\nmore outlets and markets,\u201d as quoted from the Indonesia Stock Exchange\ndisclosure on Thursday, 7 May 2026.<\/p>\n
COCO also targets operational efficiency improvements through\nconsolidation of raw material procurement, optimisation of production\ncapacity, and efficiency in supply chains and other production\nprocesses. The company assesses that this synergy can strengthen its\nmarket position and competitiveness in the ingredients and fast-moving\nconsumer goods (FMCG) industry.<\/p>\n
In addition, the collaboration is also aimed at product development\nthrough integration of research and development processes. The company\nstated that integration of systems, organisations, and business\nprocesses will also support scalability and long-term company\ngrowth.<\/p>\n
For information, the ultimate beneficial owner of COCO is Lee Ee\nLing. He controls it through Mahogany Global with 51.32% ownership.<\/p>\n
Meanwhile, the Minister of Housing and Public Works Maruarar Sirait\nor Ara is recorded as one of COCO\u2019s shareholders. Based on the KSEI\nreport, Ara holds 117.91 million COCO shares or equivalent to 3.31%\nownership.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/maruarar-linked-issuer-coco-plans-acquisition-of-momogi-producer-1778149021", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }