PT Mutuagung Lestari Tbk (MUTU) has announced a corporate action in\nthe form of a capital increase without pre-emptive rights, or private\nplacement, valued at Rp29.99 billion, as part of the company\u2019s efforts\nto accelerate its business. Through the private placement, the company\nissued 309,278,300 new shares with an exercise price set at Rp97 per\nshare, bringing the total fresh funds raised to Rp29.99 billion.<\/p>\n
MUTU Finance Director Sumarna expressed appreciation for the trust\nplaced by strategic investors in the company\u2019s fundamentals and business\nprospects. \u201cThe joining of prominent names and experienced entities into\nour capital structure provides new fuel for the company to accelerate\nmore quickly. Their presence confirms that our long-term business vision\nis on the right track,\u201d Sumarna said.<\/p>\n
Among the investors participating in the private placement, PT Samala\nSerasi Utama took the largest portion by absorbing 103,092,700 shares;\nthe entity represents a partnership between Sandiaga Salahuddin Uno and\nRoestandi Tsamanov. PT Bumi Hijau Sedaya absorbed 41,237,100 shares,\nwhile Interra Resources Limited, an energy and resources company listed\non the Singapore Exchange, invested in MUTU through its Indonesian\nsubsidiary. Other participants include Andreas Tjahjadi and Leonard\nTanubrata, who have long been involved in MUTU\u2019s journey through various\ninvestment schemes, as well as climate-tech entrepreneur and former\nPresident of Grab Indonesia Ridzki Kramadibrata, whose participation\nreflects confidence in MUTU\u2019s role.<\/p>\n
\u201cManagement confirms that all of these investors have no affiliation,\neither in management or share ownership, with the controlling\nshareholders, major shareholders, or members of the company\u2019s Board of\nDirectors and Board of Commissioners,\u201d Sumarna stated.<\/p>\n
Sandiaga Salahuddin Uno views MUTU as an institution with a strategic\nrole in building a sustainable economic ecosystem in Indonesia. \u201cThrough\nits certification, testing, and verification services, MUTU is an\nimportant enabler for the implementation of sustainability standards\nacross various industrial sectors,\u201d Sandiaga said. He added that this\ninvestment is not merely a business decision, but also support for\naccelerating the national green economic transformation, which\nincreasingly requires governance, transparency, and compliance with\nglobal standards. \u201cWe believe MUTU has great potential to become a key\nplayer in supporting Indonesia\u2019s sustainability agenda going forward,\u201d\nSandiaga said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/mutu-announces-rp29-9-billion-private-placement-to-accelerate-business-1782751905", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }