KOKA Signs Conditional Share Purchase Agreement with Liqun Investment

PT Koka Indonesia Tbk (KOKA) has signed a Conditional Share Purchase Agreement (CSPA) with PT Liqun Investment Indonesia on 6 March 2026.

According to a written statement from KOKA’s Chief Executive Director Gao Jing on Friday, 6 March, the transaction parties include sellers Gao Jing, Sun Ling, Gao Jinfeng, and PT Kreatif Konstruksi Indonesia, with buyer PT Liqun Investments Indonesia, at a transaction value of Rp37.19 billion.

Gao stated that the CSPA represents the follow-up to a Memorandum of Understanding dated 15 September 2025, which was disclosed by the company on 16 September 2025.

The CSPA is undertaken with the objectives of developing and expanding the business network to enhance business development prospects in the construction sector, particularly infrastructure construction; increasing business capacity in construction; strengthening the investment climate; and optimising good corporate governance.

Completion of the transaction is conditional upon the fulfilment of preliminary requirements as stipulated in the CSPA and applicable legislation, and does not constitute an affiliated transaction in accordance with the Financial Services Authority (OJK) regulations under POJK Number 42/POJK.04/2020.

Gao further confirmed that as of the disclosure date, PT Liqun Investments Indonesia holds no shareholding in PT Koka Indonesia Tbk.