PT MNC Energy Investments Tbk. (IATA) will change its name to PT\nKarya Pacific Energy Tbk. after shareholders approved amendments to the\narticles of association at the Annual General Meeting of Shareholders\n(AGMS).<\/p>\n
The company notified the Indonesia Stock Exchange (IDX) of the name\nchange via a letter dated 30 June 2026, numbered\n195-BEI\/IATA-CSL\/VI\/2026, regarding the change of the company\u2019s\nname.<\/p>\n
Management explained that the name change follows a resolution passed\nat the AGMS held on 22 June 2026.<\/p>\n
The change has also been set out in Deed of Statement of AGMS\nResolution on Articles of Association Amendment No.\u00a0112, dated 22 June\n2026, made before notary Aulia Taufani, S.H.<\/p>\n
The company has also obtained approval from the Minister of Law and\nHuman Rights through Decree No.\u00a0AHU-0041928.AH.01.02.YEAR 2026 dated 26\nJune 2026.<\/p>\n
\u201cWe hereby announce the change of the company\u2019s name, from PT MNC\nEnergy Investments Tbk to PT Karya Pacific Energy Tbk,\u201d management wrote\nin its information disclosure to the IDX on Friday (10\/7\/2026).<\/p>\n
The notification letter was signed by IATA President Director Suryo\nEko Hadianto and Vice President Director A. Wishnu Handoyono.<\/p>\n
Earlier, at the AGMS held on 22 June 2026, shareholders approved the\nchange of the company\u2019s name from PT MNC Energy Investments Tbk. to PT\nKarya Pacific Energy Tbk. The company said the name change was made to\nstrengthen its corporate identity, improve alignment with its business\nvision and strategy, and support the company\u2019s standing with\nstakeholders.<\/p>\n
In addition to the name change, the AGMS approved a change in the\ncompany\u2019s controlling shareholder, from PT MNC Asia Holding Tbk. to PT\nKarya Pacific Investama (KPI). The change resulted from the completion\nof a share acquisition transaction through a voluntary tender offer\nmechanism in accordance with capital market regulations.<\/p>\n
Management believes KPI\u2019s entry as a strategic partner will\nstrengthen the company\u2019s business fundamentals. The support is expected\nto increase capital capacity, accelerate business expansion, and open up\nnew collaboration opportunities to drive sustainable performance growth\nand enhance shareholder value.<\/p>\n
At the same time, the AGMS approved the annual report and financial\nstatements for the 2025 financial year. Throughout last year, IATA\nrecorded revenue of US$79.64 million with a net profit of US$8.27\nmillion, up 7.73% from the previous year. The EBITDA margin also rose to\n22.93% from 19.13% in 2024.<\/p>\n
On the operational side, the company produced 3.42 million metric\ntonnes of coal and recorded sales of 3.51 million metric tonnes during\n2025. As of year-end, IATA held proven coal reserves of 298 million\nmetric tonnes.<\/p>\n
For 2026, the company is targeting production of 7.8 million metric\ntonnes and has submitted a revision of its Work Plan and Budget (RKAB)\nto the Ministry of Energy and Mineral Resources to support the\nachievement of that target. Production will be supported by mines owned\nby PT Putra Muba Coal, PT Indonesia Batu Prima Energi, and PT Arthaco\nPrima Energy.<\/p>\n
The AGMS also approved changes to the board of directors and\ncommissioners. The company accepted the resignations of Santi Paramita\nas Commissioner, Henry Suparman as Vice President Director, and Anthony\nPutra Tjiptodihardjo as Director, and relieved Andrea Frans Tambunan as\nDirector due to a new assignment within the company. In their place,\nshareholders appointed Christian as Director.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/mnc-group-divests-coal-shares-iata-renamed-karya-pacific-energy-1783698620", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }