BIKE Comments on Acquisition: Former Controllers Exit, PMJ Takes 71.22%
PT Sepeda Bersama Indonesia Tbk (BIKE) has provided an official explanation to the Indonesia Stock Exchange (BEI) regarding the planned share takeover by PT Penajam Makmur Jaya (PMJ). This information is significant as changes in control typically impact the company’s business direction, management, and ownership structure.
Based on the disclosure to BEI and the Financial Services Authority (OJK) on 22 April 2026, BIKE confirms that all information has undergone internal verification and is prepared in accordance with disclosure principles.
PT Sepeda Bersama Indonesia Tbk is a listed company operating in the bicycle trading and industry sector, along with related products.
PMJ to Become New Controller
In its explanation to the exchange, PMJ is set to take over shares held by Andrew Mulyadi, Henry Mulyadi, and Stephen Mulyadi.
Upon completion of the transaction, PMJ is expected to control 71.22% of BIKE’s shares, while public shareholders will hold 28.78%.
Management states that this action is part of a strategy for expansion and business strengthening.
Reasons for Acquisition and Potential Synergies
BIKE explains the expected added value includes improved operational efficiency, strengthened capital structure, and optimised company performance.
The company also mentions potential long-term increases in enterprise value if new business strategies are effectively implemented.
PMJ is planning business synergies through operational integration and development aligned with the company’s activities.
Plans for Changes in Business Scope and Management
In response to BEI, BIKE states that PMJ currently plans to make changes to the business scope and management.
However, details of these changes have not yet been announced and will be presented at the upcoming Annual General Meeting of Shareholders (AGMS) or Extraordinary AGMS.
The company emphasises that BIKE will remain a listed company on the Indonesia Stock Exchange.
Regarding Mandatory Tender Offer and Dividends
Regarding the mandatory tender offer (MTO), the purchase price will refer to the average trading price on the exchange over 90 days after the appointment of the securities organiser and OJK’s effective approval.
The implementation schedule, purchase mechanism, and payment will be announced later after the regulatory process is complete.
For dividends, the company states that future profit distribution policies will still consider performance and the company’s financial condition.
Operations Stated to Remain Normal
BIKE states that there is no potential disruption to operations due to the change in control.
The company adds that business activities are running normally and there have been no material changes to services or current business activities.
Management also mentions no plans for other corporate actions in the next 12 months.
Conclusion
BIKE confirms the share takeover process by PMJ, which will become the new controlling shareholder with a 71.22% stake. The company states that operations will remain normal and its status as a public company will be maintained. The market will generally await details on business strategies, management changes, and the mandatory tender schedule.