Chandra Asri (TPIA) Conducts Transaction - IndoPremier
JAKARTA - PT Chandra Asri Pacific Tbk (TPIA), through its subsidiary PT Chandra Asri Perkasa (CAP2), has transferred its entire shareholding, 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 (CDI), which is itself a subsidiary of the Chandra group.
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 across business lines, optimisation, and adding strategic assets, as well as sustainable expansion.
“This transaction has undergone adequate procedures and ensures it proceeds in accordance with prevailing business practices, namely procedures that compare the terms and conditions of the transaction equivalent to those conducted between non-affiliated parties and carried out in fulfilment of fair transaction principles,” explained Chandra Asri’s management in an official disclosure to the Indonesia Stock Exchange (BEI) on Tuesday (21/4/2026).
Business Prospects
As an issuer focused on the domestic market, Chandra Asri views this year’s business prospects as very positive in line with the domestic economic conditions targeted to grow by 5.4% as outlined in the 2025 State Budget (APBN). To that 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 BEI on Tuesday (21/4/2026).
In the future, this issuer benefiting from 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 business, and expand cross-regional business development opportunities.
In the infrastructure sector, the company is also continuously adding capabilities through asset integration and expansion. In 2026, the company will operate a bitumen tank with a capacity of 12,000 m³, which is expected to provide new growth opportunities and strengthen its role in the national infrastructure ecosystem. The operation of that bitumen tanker is believed to significantly support improvements in efficiency and operational performance reliability.
Not only that, the plan to develop such infrastructure is also based on strong demand prospects. Considering that the national bitumen needs are still partially met through imports to this day, this condition 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.
“In the future, the company will also continue to look for 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.