Andry Hakim Named Standby Buyer for CBRE Rights Issue

PT Cakra Buana Resources Energi Tbk (CBRE) has appointed four standby buyers for its first rights issue. Citing Indonesia Stock Exchange (BEI) disclosure, CBRE has appointed standby buyers to absorb shares not taken up by shareholders during the rights issue. The four appointed standby buyers are PT Gunanusa Utama Fabricators, Global Tower Investments Limited, Andry Hakim, and Gabriel Rey. ‘The standby buyers have confirmed their willingness to purchase all remaining shares not taken up by shareholders under the terms of the signed agreement,’ management stated on Monday, 25 May 2026. Management explained that the appointment of standby buyers aims to ensure the absorption of issued shares in the first rights issue, enabling the company to optimally meet its fundraising targets. In connection with the appointments, each standby buyer has submitted a letter of commitment and supporting documents in accordance with Financial Services Authority (OJK) regulations and applicable laws, which have been received by the company. The documents will be submitted by the company to relevant authorities. ‘All information regarding the standby buyers, including identities, affiliate relationships, and key terms of the agreement, will be fully disclosed in the rights issue prospectus,’ it added.