Carbon Trading Opens New Opportunities, Private Placement Raises Nearly Rp30 Billion

The implementation of carbon trading, set to commence in 2026, is expected to create new business opportunities for companies engaged in testing, inspection, certification, and verification. Demand for emission validation and verification services is anticipated to increase as sustainability standards are adopted across various industrial sectors. Seeing this potential, PT Mutuagung Lestari Tbk (MUTU) has strengthened its capital structure through a private placement, raising nearly Rp30 billion from strategic investors including businessman Sandiaga Salahuddin Uno and Singapore-based energy company Interra Resources Limited. According to the company’s disclosure on 19 June 2026, MUTU issued 309,278,300 new shares through a scheme without pre-emptive rights at an exercise price of Rp97 per share, raising a total of Rp29.99 billion. PT Samala Serasi Utama became the largest investor by absorbing 103,092,700 shares, followed by PT Bumi Hijau Sedaya which took up 41,237,100 shares. Interra Resources Limited also participated through its Indonesian subsidiary. The company views Interra’s involvement as a sign of confidence in the sustainability and renewable energy business being developed by MUTU. PT Samala Serasi Utama is an investment company owned by Sandiaga Uno and Roestandi Tsamanov. Additionally, investors Andreas Tjahjadi and Leonard Tanubrata returned to participate, demonstrating their trust in the company’s long-term prospects. MUTU also received backing from Ridzki Kramadibrata, a climate-tech entrepreneur and former President of Grab Indonesia, whose experience is expected to strengthen the company’s carbon verification business. Management confirmed that none of the investors participating in the private placement have affiliations with the controlling shareholders, major shareholders, or members of the board of directors and commissioners. Sumarna, Finance Director of PT Mutuagung Lestari Tbk, stated that the additional capital from strategic investors would serve as a foundation to accelerate the company’s expansion. Sandiaga Uno assessed that MUTU holds a strategic position in supporting the development of a green economy ecosystem through certification, testing, and verification services required by various industrial sectors to meet sustainability standards. The proceeds from the private placement will be used to expand business capacity, including the development of halal laboratories, Testing, Inspection, Certification, Verification, and Assurance (TICVA) services, and to accelerate the expansion of the carbon verification business, which is projected to grow alongside the national carbon market. The prospects have become more promising following the government’s issuance of Presidential Regulation Number 110 of 2025 concerning the Implementation of Carbon Economic Value Instruments and National Greenhouse Gas Emission Control. The regulation mandates that every emission reduction must undergo validation and verification before a Greenhouse Gas Emission Reduction Certificate (SPE-GRK) can be issued. Following this corporate action, MUTU’s total issued and fully paid shares increased to 3.45 billion shares. The shares resulting from the private placement began trading on the Indonesia Stock Exchange on 29 June 2026, with the results of the rights issue scheduled to be announced by the company on 30 June 2026.