Aguan's Wife's Listed Entity Snapped Up by Xpeng - Investor Daily

JAKARTA — PT Sinar Eka Selaras Tbk (ERAL), the issuer in which Rebecca Halim — wife of Sugianto Kusuma, also known as Aguan — is recorded as the beneficial owner or controller, has sold 90.1% of the shares in PT Era Industri Otomotif to Xpeng International Holding (Hong Kong) Ltd.

Following the transaction, ERAL’s ownership in PT Era Industri Otomotif reduced from 99.99% to 9.9%. Xpeng’s ownership increased from zero to 90.1%. However, the transaction value was not disclosed.

“PT Era Industri Otomotif is an entity focused on the manufacture and assembly of electric vehicles in Indonesia,” Stockbit Sekuritas said in its note on Monday, 18 May 2026.

The transaction forms part of a long-term strategic collaboration with Xpeng to support the development of the electric vehicle ecosystem in Indonesia.

All Xpeng distribution, sales, and after-sales service activities in Indonesia will continue to be carried out by PT Era Inovasi Otomotif and PT Era Dealer Otomotif under ERAL’s umbrella, so ERAL’s business operations continue to run normally.

Sinar Eka Selaras (ERAL) is a subsidiary of PT Erajaya Swasembada Tbk (ERAA), which is also controlled by Rebecca Halim. The issuer ERAL focuses on the lifestyle-automotive segment.

In 2025, ERAL faced complex dynamics. The company posted a 34.1% jump in revenue to Rp 6.5 trillion, driven mainly by the debut of the automotive segment which contributed Rp 827 billion from the distribution of Xpeng electric cars.

However, the growth did not translate into profitability. ERAL’s net profit fell 16.1% to Rp 169 billion from Rp 201 billion, due to rising operating costs.

The impressive revenue rise was not enough to offset cost pressures from expanding the lifestyle and automotive businesses, which require substantial capital. ERAL is in a heavy investment phase to strengthen its foothold in the lifestyle and automotive segments.

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