Panca Mitra Multiperdana (PMMP) Clarifies Kaesang's Share Ownership
Jakarta, CNBC Indonesia – PT Panca Mitra Multiperdana Tbk (PMMP) has issued a clarification regarding circulating reports about the share ownership of Kaesang Pangarep. Management stressed that Kaesang Pangarep is neither an owner nor a controlling shareholder.
Citing a disclosure to the Indonesia Stock Exchange (IDX), PMMP is a company controlled by PT Tiga Makin Jaya as the controlling shareholder.
“The name PT Harapan Bangsa Kita, which in news reports and on social media has been affiliated with Kaesang Pangarep, is a minority shareholder holding 7.27% of PMMP, having purchased PMMP shares through the capital market,” management wrote, quoted on Monday (13/7/2026).
Management said PMMP is a publicly listed company with an ownership structure that complies with capital market regulations and is managed according to the principles of Good Corporate Governance (GCG).
All of the company’s strategic and operational decisions are carried out by its management in accordance with the company’s Articles of Association and the prevailing laws and regulations.
The company respects press freedom and the media’s role in conveying information to the public. However, PMMP hopes that every report will prioritise the principles of accuracy, balance and verification, so that the public receives correct information and no misleading conclusions are drawn about the company’s identity or ownership structure.
Management stressed that PMMP continues to conduct its business activities on a limited scale and remains committed to fulfilling all of its obligations to customers, suppliers, financial institutions, investors, regulators, employees and all stakeholders.
“The company is also continuing to take strategic steps to strengthen operational performance, safeguard business continuity and enhance value for all shareholders,” it said.
The company urged the public, investors and the media to refer to official information submitted through disclosures to the Indonesia Stock Exchange, the Financial Services Authority (OJK), and the company’s official publications.