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After Acquiring VISI, Raffi and Nagita Sell Assets Worth IDR 75 Billion

| Source: CNBC Translated from Indonesian | Business
After Acquiring VISI, Raffi and Nagita Sell Assets Worth IDR 75 Billion
Image: CNBC

Jakarta, CNBC Indonesia — Amid the initial public offering (IPO) process of PT Rans Entertainment Indonesia Tbk (RANS), the couple Raffi Ahmad and Nagita Slavina have also undertaken corporate action at another listed company. Through PT Harmoni Semesta Investama (HSI), Raffi and Nagita officially became the new controlling shareholders of PT Satu Visi Putra Tbk (VISI) after acquiring 1.9 billion shares, or 61.85% ownership, from the company’s founder, David Dwiputra. According to the takeover announcement, the transaction was conducted at a price of IDR 94 per share, with a total value of approximately IDR 178.75 billion. The ownership structure of HSI shows Nagita Slavina Mariana Tengker controlling 51% of the shares, while Raffi Farid Ahmad holds 49%. Nagita also serves as a director of HSI, with Raffi acting as commissioner. Shortly after the change in control, VISI announced plans to divest eight assets in the form of land and buildings to PT Inti Megah Putra for a transaction value of IDR 75 billion. This value is equivalent to 41.22% of the company’s equity, thus categorising it as a material transaction. VISI management explained that the funds from the asset sale would be used to increase liquidity and repay part or all of its obligations to banks, thereby reducing interest expenses and improving the company’s financial structure. The eight assets being sold are located in Bekasi, Surabaya, Gresik, and Semarang. Based on an independent appraisal, the market value of the assets reached IDR 74.33 billion, while the agreed transaction price is IDR 75 billion, slightly above the appraisal value. The company also confirmed that the buyer, PT Inti Megah Putra, is not an affiliated party, meaning the transaction is neither an affiliated transaction nor a conflict of interest. This corporate action is taking place while RANS Entertainment is in the process of its IPO on the Indonesia Stock Exchange. RANS is currently in the public offering period until 8 July 2026 and is scheduled to officially list on the Indonesia Stock Exchange on 10 July 2026.

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