New LAPD Owner Ready to Purchase Public Shares at Rp51

Jakarta – The new controlling shareholder of PT Leyand International Tbk (LAPD), PT JSI Sinergi Mas, has launched a Mandatory Tender Offer (MTO) for LAPD shares held by the public.

The MTO process will run for 30 days from 28 February 2026 to 29 March 2026. The offer price has been set at Rp51 per share, with a maximum transaction value of Rp84.2 billion.

JSI has confirmed that it has prepared adequate funds to complete all payment obligations under the MTO. The MTO obligation arose after JSI Sinergi Mas formally completed its acquisition of control of the company on 10 November 2025.

In this corporate transaction, JSI Sinergi Mas purchased 2.08 billion LAPD shares from several existing shareholders, including Layman Holdings Pte Ltd and a number of individual investors.

As part of ownership restructuring, the new controlling shareholder then conducted a sell-down through the secondary market of 57.5 million shares to the public. With this move, JSI Sinergi Mas’s net ownership stood at 2.02 billion shares, equivalent to 51 per cent of LAPD’s total paid-up and issued capital.

In accordance with Financial Services Authority Regulation No. 9/2018, JSI Sinergi Mas is obliged to launch a Mandatory Tender Offer for public shares. In the disclosure statement submitted on 27 February 2026, JSI stated that it will offer to purchase up to a maximum of 1.65 billion shares, or approximately 41.6 per cent of total outstanding shares.