Chandra Asri (TPIA) Conducts Transaction
PT Chandra Asri Pacific Tbk (TPIA), through its subsidiary PT Chandra Asri Perkasa (CAP2), has transferred all of its shares, equivalent to 66,999 shares, in PT Chandra Capital Indonesia (CCI) to PT Chandra Environmental Solution (CES), a subsidiary of PT Chandra Daya Investasi Tbk (CDIA), which is itself a subsidiary of TPIA.
The affiliated transaction involving the share transfer took place on 17 April 2026, marked by the signing of a share purchase agreement between the parties. Chandra Asri’s management stated that the transaction aims to develop the scale of operations by strengthening synergies between business lines, optimisation, and adding strategic assets through sustainable expansion.
Business Prospects
As an issuer focused on the domestic market, Chandra Asri views this year’s business prospects as very promising in line with the domestic economic conditions targeted to grow by 5.4% as outlined in the 2025 state budget. To this end, Chandra Asri’s President Commissioner Djoko Suyanto emphasised that the company will continue to maintain operational excellence, particularly to ensure factory reliability so that the production process runs smoothly.
“This improvement programme is important because it enhances operational processes both in hard skills and soft skills. Among the main programmes being implemented are enhancing the competence of human resources (HR) in factory operations, production governance, and sharpening the mindset of HR in maintaining responsibilities in the production environment,” wrote Djoko in the annual report published to the Indonesia Stock Exchange (BEI) on Tuesday (21/4/2026).
Looking ahead, this issuer, ultimately benefiting the Prajogo Pangestu conglomerate, will continue to drive asset, system, and HR integration between operations in Indonesia and Singapore to create synergies, increase the scale of operations, and expand cross-regional business development opportunities.
In the infrastructure sector, TPIA is also continuously enhancing its capabilities through asset integration and expansion. In 2026, the company will operationalise a bitumen tank with a capacity of 12,000 m³, which is expected to provide new growth opportunities and strengthen TPIA’s role in the national infrastructure ecosystem. The operation of this bitumen tank is believed to significantly support improvements in operational efficiency and reliability.
Not only that, TPIA’s plans to develop this infrastructure are also based on strong demand prospects. Given that national bitumen needs are still partially met through imports, this situation opens strategic opportunities for Chandra Asri to contribute to meeting national needs, among others, through the optimisation of integrated bitumen storage and distribution facilities, as well as supply support from Aster as part of the company’s energy and chemicals ecosystem.
“Looking ahead, the company will also continue to explore opportunities to develop its infrastructure business portfolio as part of a long-term strategy to drive sustainable business growth and diversification,” stated Chandra Asri’s management.