CDIA Subsidiary Invests USD90 Million to Support Shipping Expansion
PT Chandra Shipping International (PT CSI), a subsidiary of PT Chandra Daya Investasi Tbk (IDX:CDIA), officially signed a Conditional Agreement to acquire shares in PT Armada Maritim Persada (PT AMP) on 30 June 2026.
Through this strategic agreement, which also involves PT Petrindo Jaya Kreasi Tbk (PT PJK), PT CSI plans to inject capital with an investment value reaching USD 90,000,000. The fresh funds are allocated to take over all new shares to be issued by PT AMP, through which PT CSI will eventually hold a 40 per cent ownership stake in the shipping company.
In an information disclosure published in Jakarta on 2 July 2026, management explained that this investment is part of a sustainable business development strategy. This expansive step is directly aimed at supporting the growth plans and business development of PT AMP in the field of domestic port maritime transport for goods.
Furthermore, this transaction is expected to provide a significant positive impact and economic benefit to the Group through the potential increase in investment value and future dividend receipts.
This transaction is categorised as an Affiliated Transaction as referred to in the Financial Services Authority Regulation (POJK) Number 42/POJK.04/2020. The affiliation between the parties involved—PT CSI, PT PJK, and PT AMP—arises due to commonality in ultimate beneficial ownership. These three business entities are known to be under the control of the same beneficial owner, the entrepreneur Prajogo Pangestu.
To ensure transparency and accountability for the public, the company has utilised the services of an official independent appraiser from the Public Appraisal Office (KJPP) Kusnanto and Rekan. Based on the Fairness Report Number 00151/2.0162-00/BS/02/0153/1/VI/2026 dated 30 June 2026, the value of the transaction object and the execution of the transaction itself were declared entirely fair.
This independent evaluation serves as an official reference and fulfills compliance with applicable capital market regulations in Indonesia. Management also emphasised that this large-scale investment does not constitute a transaction containing elements of a conflict of interest. The procedures undertaken have been ensured to meet regulatory provisions and are not classified as a Material Transaction under POJK Number 17/POJK.04/2020.
As this transaction is deemed not to disrupt the company’s business continuity, its execution does not require prior approval from independent shareholders through a General Meeting of Shareholders (RUPS).
Regarding financial operations, the payment for the USD 90 million investment will be settled in Indonesian Rupiah. The currency conversion will be calculated using the middle exchange rate of Bank Indonesia published one working day before the payment date. The entire series of business transaction processes is conducted in accordance with Indonesian positive law and applicable limited liability company laws.