{
    "success": true,
    "data": {
        "id": 1582441,
        "msgid": "wijaya-karya-divests-entire-hotel-indonesia-shareholding-transaction-valued-at-idr-7-8-billion-1772478070",
        "date": "2026-03-02 22:16:06",
        "title": "Wijaya Karya Divests Entire Hotel Indonesia Shareholding, Transaction Valued at IDR 7.8 Billion",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "PT Wijaya Karya (WIKA) is divesting its entire 49% stake in PT Hotel Indonesia Group (HIG) to PT Hotel Indonesia Natour (HIN) for IDR 7.8 billion through its subsidiary PT Wijaya Karya Realty. The transaction forms part of a government initiative to consolidate and enhance state-owned enterprise hotel operations, as mandated by the Ministry of State-Owned Enterprises in October 2024.",
        "content": "<p>PT Wijaya Karya Tbk (WIKA) will divest its entire ownership stake in\nPT Hotel Indonesia Group (HIG). According to WIKA Corporate Secretary\nNgatemin (Emin), the company\u2019s stake in HIG is held through its\nsubsidiary, PT Wijaya Karya Realty (WR).<\/p>\n<p>WR is a non-controlling shareholder in HIG with a 49% stake. WIKA\nholds 95.10% ownership in WR. WR will sell its entire shareholding in\nHIG to PT Hotel Indonesia Natour (HIN), representing 1,470 shares or 49%\nof all paid-in and placed shares in HIG. The purchase price agreed\nbetween WR and HIN is IDR 7.8 billion.<\/p>\n<p>WIKA characterises the transaction as an integral part of a series of\nrelated and continuous transactions undertaken to accelerate Indonesia\u2019s\ntourism and hotel industry.<\/p>\n<p>The Ministry of State-Owned Enterprises (BUMN) has designated HIN as\nthe implementing entity for the integration and enhancement of\nstate-owned enterprise hotel operations, as stated in the Ministry\u2019s\nletter numbered S496\/MBU\/10\/2024 dated 11 October 2024 concerning\nshareholder aspirations regarding the integration and value enhancement\nof state-owned hotel enterprises.<\/p>\n<p>WR and HIN therefore have a shareholding relationship, and the\ntransaction falls within the category of related-party transactions. The\ntransaction is also intended to improve WR\u2019s financial performance by\npotentially driving increases in profit, liquidity, and solvency, which\nwould add value for WIKA.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/wijaya-karya-divests-entire-hotel-indonesia-shareholding-transaction-valued-at-idr-7-8-billion-1772478070",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}