EPAC Acquired by Triple B in Bid to Become Investment Holding

PT Megalestari Epack Sentosaraya Tbk (EPAC) will see a change in control following PT Triple Berkah Bersama’s (Triple B) acquisition of 34.56% of its shares. The acquisition is part of EPAC’s planned transformation from a plastic packaging business to an investment holding company. EPAC’s management stated that the takeover aims to enhance the company’s enterprise value through strengthened business strategy and capital structure. “The company is set to transform into an investment holding entity,” management said in a response to the Indonesian Stock Exchange (BEI) on 28 May 2026. In a disclosure dated 4 May 2026, Triple B is set to become the new ultimate beneficial owner (UBO) of EPAC, while PT Sirkah Akselerasi Jaya (SAJ) remains the UBO of PT Media Telekomunikasi Mandiri (MTM). The structure is claimed to add value for both the company and public shareholders. EPAC confirmed its core plastic packaging business will not be discontinued. Existing operations will continue through subsidiaries, while the parent company will focus on managing the investment portfolio and developing new ventures. “This synergy is expected to provide strategic added value in the form of increased enterprise value for the company,” management stated regarding the business shift. Under the new shareholding structure, PT Triple Berkah Bersama will hold 1.14 billion shares, equivalent to 34.56% of EPAC’s total shares. PT Omni Multi Industrindo retains 24.22%, with the public holding 28.90%. The acquired shares came from Drs. Ryan Permana and Nessy Sarinda. Prior to the transaction, Permana held 20.12% and Sarinda 14.44% of EPAC’s shares. Management explained the sale by the previous shareholders was part of their investment portfolio strategy. Meanwhile, Triple B and SAJ conducted internal due diligence on financial, operational, and legal aspects before proceeding with the acquisition. Triple B is known for financial consulting, mergers and acquisitions, restructuring, and capital markets. SAJ operates in information technology, communications, and internet services. EPAC stated there are no affiliated relationships between Triple B or SAJ and the company or previous controlling shareholders. In the document, EPAC also revealed future business activities will focus on information technology (IT) development. However, the company confirmed no changes to management structure or dividend policy post-acquisition. Noprian Fadli is recorded as the controller and beneficial owner of Triple B, holding 99% of its shares. Noprian has previously been linked to several other listed companies such as MEJA, NINE, GPSO, and BRRC as an investor and financial advisor. The acquisition negotiation process is targeted to conclude before the end of Q2 2026. Following the transaction’s effectiveness, the new controlling party will conduct a Mandatory Tender Offer (MTO) in accordance with OJK Regulation No. 9/POJK.04/2018 on Takeovers of Public Companies. The company confirmed it will retain its status as a listed company on the BEI. “The company is committed to maintaining its status as a Listed Company,” EPAC management stated.