{
    "success": true,
    "data": {
        "id": 1779233,
        "msgid": "singtel-divests-entire-stake-in-superbank-supa-here-is-why-1780876209",
        "date": "2026-06-02 13:25:15",
        "title": "Singtel Divests Entire Stake in Superbank (SUPA), Here is Why",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Singapore-based Singtel Alpha Investments has fully divested its 7.36% stake in PT Super Bank Indonesia Tbk. (SUPA). The company stated that the sale of 2.49 billion shares, generating approximately Rp812.98 billion, was part of an internal restructuring process.",
        "content": "<p>Singtel Alpha Investments Pte. Ltd.\u00a0has reported the complete\ndivestment of its entire shareholding in PT Super Bank Indonesia Tbk.\n(SUPA), also known as Superbank. According to public information\ndisclosures, the Singaporean subsidiary of Singtel executed this\ndivestment action on 29 May 2026.<\/p>\n<p>The total number of SUPA shares released amounted to 2.49 billion\nshares, equivalent to 7.36%. With a selling price of Rp326 per share,\nSingtel Alpha raked in Rp812.98 billion from the sale. Consequently,\nSingtel Alpha\u2019s ownership in SUPA has dropped to 0 shares or 0%.<\/p>\n<p>Singtel Alpha stated that the purpose of this large-scale divestment\nis for internal restructuring, according to the company\u2019s disclosure\nreleased on Tuesday (2\/6\/2026).<\/p>\n<p>As a reminder, the digital bank Superbank is controlled by the Emtek\nGroup alongside the Southeast Asian super-app, Grab. In January 2023,\nSingtel and Grab acquired approximately 2.4 billion new shares in Bank\nFama (before its rebranding to Superbank) with a value of around US$70\nmillion.<\/p>\n<p>Subsequently, the bank rebranded to Superbank in February as part of\nan effort to strengthen digital-based services and expand its financial\nofferings. Superbank later launched its application to the public on 19\nJune 2024, featuring direct integration with the Grab and OVO\napplications. Superbank conducted its Initial Public Offering (IPO) on\nthe Indonesia Stock Exchange (BEI) on 17 December 2025.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/singtel-divests-entire-stake-in-superbank-supa-here-is-why-1780876209",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}