Jaya Property (JRPT) Dissolves Subsidiary, What Is the Impact?

PT Jaya Real Property Tbk (JRPT) has announced the dissolution followed by the liquidation process of PT Jaya Mitra Sarana (JMS), a subsidiary in which the company holds a 50% stake.

In an information disclosure numbered 129/JRP/CS/VI/2026, management explained that the decision to dissolve and liquidate JMS was the result of the Extraordinary General Meeting of Shareholders (EGMS) of PT Jaya Mitra Sarana held on 26 June 2026.

“PT Jaya Real Property Tbk (the”Company”) hereby announces that in accordance with the decision of the JMS Extraordinary General Meeting of Shareholders dated 26 June 2026, JMS is currently in the process of liquidation,” management wrote in an IDX information disclosure on Monday (29/06/2026).

Since the decision was finalised, JMS has officially entered the liquidation process in accordance with applicable regulations.

The Company stated that this information disclosure was made with reference to OJK Regulation Number 31/POJK.04/2015 regarding Disclosure of Information or Material Facts by Issuers or Public Companies, as amended by OJK Regulation Number 45/POJK.04/2024 regarding the Development and Strengthening of Issuers and Public Companies.

Despite the dissolution of one of its subsidiaries, PT Jaya Real Property emphasised that this corporate move does not have a material impact on the company’s operational activities.

The Company also ensured that the decision does not affect the legal aspects, financial condition, or the overall business continuity of the company.

“This event and information do not have a material impact on the operational, legal, financial condition, or business continuity of the Company,” management wrote.

Furthermore, the company asserted that the transactions related to the dissolution and liquidation of JMS do not constitute affiliated transactions as intended in OJK Regulation Number 42/POJK.04/2020 regarding Affiliated Transactions and Transactions of Conflict of Interest.

Additionally, management ensured that this corporate action is not a material transaction as regulated in OJK Regulation Number 17/POJK.04/2020 regarding Material Transactions and Changes in Business Activities.