Indonesian Political, Business & Finance News

New Controlling Shareholder Announced for KETR Following 35% Stake Acquisition

| Source: CNBC Translated from Indonesian | Business
New Controlling Shareholder Announced for KETR Following 35% Stake Acquisition
Image: CNBC

PT Ketrosden Triasmitra Tbk (KETR) has announced a change in control following PT Inti Mas Bangun Sejahtera (IMBS) executing a voluntary tender offer.

According to information disclosure from the Indonesia Stock Exchange (BEI), IMBS acquired 994,442,000 shares of the company through this action. This amount is equivalent to 35% of the total placed and fully paid-up shares in the company.

“A takeover of the Company’s shares by IMBS has occurred, resulting in a change of control of the Company from PT Bahtera Bintang Nusantara (BBN) as the former controller indirectly through PT Fajar Sejahtera Mandiri Nusantara (FSMN) to IMBS as the new controller,” the management stated, as reported on Wednesday (30/09/2026).

In its report, management also emphasised that there is no affiliation between BBN, as the former controller through FSMN, and the new controller, IMBS.

Furthermore, management stated that this change in control will not have a negative impact on the company’s operational, legal, financial, or business continuity activities. No other information was provided in the disclosure.

View JSON | Print