Massive Corporate Action! CDIA Subsidiary Invests USD90 Million in CUAN Affiliate
PT Chandra Daya Investasi Tbk (the Company) (IDX: CDIA) has released an Information Report or Material Fact regarding an Affiliated Transaction related to a Conditional Agreement for the acquisition of shares in PT Armada Maritim Persada (PT AMP).
According to disclosures to the Indonesia Stock Exchange (IDX) on Thursday (02/07), the Company continuously evaluates various investment opportunities aligned with the Group’s business development objectives and direction to implement its business expansion strategy and increase shareholder value.
In relation to this, on 30 June 2026, PT Chandra Shipping International (PT CSI), a subsidiary of the Company, PT Petrindo Jaya Kreasi Tbk (PT PJK, IDX: CUAN), and PT Armada Maritim Persada (PT AMP) signed a Conditional Agreement for the acquisition of shares in PT Armada Maritim Persada (the Agreement).
Under the terms of the Agreement, PT CSI plans to invest in PT AMP through the acquisition of new shares to be issued by PT AMP, with an investment value of USD 90,000,000. Following this, PT CSI will hold a 40% shareholding in PT AMP.
The investment is intended to support the growth and business development plans of PT AMP and is expected to provide economic benefits to the Group through potential increases in investment value and dividend receipts.
Furthermore, the transaction described above is referred to as the “Transaction”.
“The object of the Transaction is the acquisition of 40% new shares in PT AMP by PT CSI, subject to the fulfilment of certain conditions precedent. The Transaction value is USD 90,000,000. Payment for the Transaction value will be made in Rupiah using the middle rate of Bank Indonesia published one (1) working day before the payment date,” wrote Merly, Corporate Secretary of PT Chandra Daya Investasi Tbk.
It was further stated that this Agreement comes into effect from the date of signing and shall remain in force unless terminated earlier in accordance with the provisions of the Agreement.
The governing law shall be Indonesian Law, and any dispute resolution shall be conducted through the Indonesian National Board of Arbitration (BANI).