Geoprima Solusi Notifies Stock Exchange of Acquisition Plans; Funding Possible via Rights Issue

JAKARTA — PT Geoprima Solusi Tbk (GPSO) has disclosed that it is currently exploring several corporate action options, though the exploration remains in its early stages and no final management decision has yet been made.

GPSO Chief Executive Dionysius Tjokro explained that the exploration was undertaken as a response to a clarification request from the Indonesia Stock Exchange (IDX) regarding volatility in the company’s share transactions.

“The company is currently undertaking exploration of several corporate plan options,” he stated in a clarification letter to the IDX, cited on Wednesday (11 March 2026).

The agreement concerns plans to transfer a number of company assets and shares with a transaction value of approximately 700 billion rupiah.

Under the initial scheme, GPSO plans to acquire several business entities, including a 75 per cent stake in PT Pulogadung Tempajaya valued at 385 billion rupiah, a 70 per cent stake in PT Tjokro Bersaudara Komponenindo worth 90 billion rupiah, and a 70 per cent stake in PT Jakarta Marten Logamindo valued at 65 billion rupiah.

Additionally, the company also plans to purchase land assets and factory buildings in the Jababeka industrial area and EJIP with a total value of approximately 160 billion rupiah.

The company is also considering a share swap scheme, issuance of low-interest debt securities, and options for the purchase of long-term management rights with purchase options.

The process of review and transaction preparation is still ongoing.

GPSO is targeting the completion of due diligence by April 2026, followed by submission of financing and approval from an Extraordinary General Meeting of Shareholders in June 2026. If all stages proceed according to plan, the company is targeting the implementation of a rights issue and completion of the transaction by December 2026.