Chandra Asri Increases Free Float to 25.7%

PT Chandra Asri Pacific Tbk. (TPIA) has increased its free float of publicly traded shares to 25.7%, up from 10.9% previously. Chandra Asri Finance Director Andre Khor said the move was carried out to rebalance the company’s shareholding structure.

“We have increased our free float to 25.7 per cent, thereby boosting market liquidity and broadening our access to domestic and international investors for our shares,” he said during a virtual briefing on Tuesday (4/8/2026).

He explained that a free float of 25.7% sits above the 15% minimum required by the Indonesia Stock Exchange (IDX) and MSCI, and also surpasses the 20% target used as a benchmark for MSCI index management.

Indeed, the achievement has also passed the 25% threshold, one of the criteria for potential full inclusion in the MSCI index.

“This means Chandra Asri has gone beyond merely meeting minimum requirements. We are now positioned at a level that supports eligibility for a broader index, for domestic and international investors, with improved market liquidity, thereby strengthening the appeal of the Chandra Asri Group as a public company listed on the Indonesia Stock Exchange,” he explained.

Management said the shareholding rebalancing was carried out as part of a broader capital allocation strategy. Throughout the process, controlling shareholder SCGC retained majority ownership of 57.1%, meaning there has been no change in the company’s control structure.

“One fundamental point is that there is no change to our group’s control, its governance, management strategy, or even day-to-day operations,” he noted.

In addition, three major shareholders of the Chandra Asri Group — Barito Pacific, SCGC, and Thai Oil — collectively still hold around 74.3% of the company’s shares.

“This gives us a stronger capital markets foundation as we continue to execute our long-term growth strategy in the energy, chemicals, and infrastructure domains,” he said.