APEX Private Placement of 218 Million Shares, Two Major Investors to Participate

Oil and gas drilling services issuer, PT Apexindo Pratlam Duta Tbk (APEX), will conduct a private placement of 218 million shares at an execution price of Rp325 per share to HSBC Bank Plc and The Hongkong and Shanghai Banking Corporation Ltd.

According to information disclosure on the Indonesia Stock Exchange (IDX), this corporate action will result in a maximum dilution effect of 5.79%. The transaction, valued at US$4.1 million or Rp70.9 billion, is being carried out through the conversion of part of the company’s debt to improve its financial position and strengthen its capital structure.

The plan is currently awaiting approval at the Extraordinary General Meeting of Shareholders (EGMS) to be held by the company on 7 October 2026.

PT Apexindo Pratama Duta Tbk (APEX) has also secured a new offshore drilling services contract from PT Pertamina Hulu Mahakam (PHM) with an estimated value of US$74.3 million, or approximately Rp1.16 trillion.

The contract covers offshore drilling projects in the Delta Mahakam region, East Kalimantan. This new contract is expected to increase rig utilisation and support the company’s operational revenue.