Chandra Asri Increases Free Float to 25.7%

PT Chandra Asri Pacific Tbk. (TPIA) has increased the portion of its shares in public circulation (free float) to 25.7% from a previous 10.9%. The company’s Finance Director, Andre Khor, stated the move was undertaken for shareholding rebalancing purposes. “We increased our free float to 25.7%, thereby enhancing market liquidity and broadening our access to both domestic and international investors for our shares,” he said during a virtual event on Tuesday (4/8/2026). He explained that the 25.7% free float is above the 15% minimum requirement set by the Indonesia Stock Exchange (BEI) and MSCI, and also surpasses the 20% benchmark used for MSCI index management. Furthermore, this achievement has crossed the 25% threshold, which is one of the criteria for potential full inclusion in MSCI indices. “This means Chandra Asri has gone beyond merely meeting the minimum requirements. We are now positioned at a level that supports broader index eligibility for domestic and international investors with increased market liquidity, thereby strengthening the Chandra Asri Group’s appeal as a publicly listed company on the Indonesia Stock Exchange,” he clarified. Management explained that the shareholding rebalancing was conducted as part of a broader capital allocation strategy. In this process, the controlling shareholder SCGC maintained a majority stake of 57.1%, meaning there was no change in the company’s control structure. “One fundamental point is that there is no change to our group’s control, our group’s governance, management strategy, or even day-to-day operations,” he stated. Additionally, the three major shareholders of the Chandra Asri Group, namely Barito Pacific, SCGC, and Thai Oil, collectively still control approximately 74.3% of the company’s shares. “This provides us with a stronger capital market foundation as we continue to execute our long-term growth strategy in the energy, chemicals, and infrastructure domains,” he concluded.