Bukit Asam (PTBA) to Dissolve Subsidiary: Here’s Why

Jakarta, CNBC Indonesia — PT Bukit Asam Tbk (PTBA) is dissolving and liquidating its subsidiary PT Bukit Multi Properti (PT BMP). PT BMP is an indirect subsidiary of PTBA through PT Bukit Multi Investama (PT BMI).

PT BMI owns 99.99% of PT BMP, with the remaining 0.01% held by Yayasan Bukit Asam (YBA).

According to a disclosure on the Indonesia Stock Exchange (IDX), the company said the dissolution is linked to the strategic policy of the Republic of Indonesia, implemented through PT Danantara Asset Management.

The policy directs the streamlining of subsidiaries of state-owned enterprises (SOEs) to optimise the operations of SOEs and their subsidiaries in achieving their objectives.

“The Republic of Indonesia, through PT Danantara Asset Management, has a strategic policy directing the streamlining of SOE subsidiaries to optimise the operations of SOEs and their subsidiaries in support of achieving SOE objectives,” the management said, as quoted on Monday (2 November 2026).

Implementation of the policy is expected to increase efficiency, strengthen focus on core business activities and improve governance by reducing duplicated functions and similar business activities, including through the dissolution of companies.

As part of the PT Mineral Industri Indonesia (Persero), or MIND ID, group, PTBA said the move demonstrates its commitment to supporting the strategic policy of its controlling shareholder, MIND ID. PT BMP, an entity indirectly controlled by PTBA, is being dissolved through liquidation.

The management stressed that the corporate action would not affect the company’s operations, legal position, financial condition or business continuity.