PT Koka Indonesia Tbk (KOKA) Signs Conditional Share Purchase Agreement Worth IDR37.1 Billion to Expand Network
PT Koka Indonesia Tbk (KOKA) formally executed a Conditional Share Purchase Agreement (CSPA) valued at IDR37,197,327,750 on 6 March 2026. The transaction involves PT Liqun Investments Indonesia as the buyer and follows up on a Memorandum of Understanding agreed upon on 15 September 2025. This corporate action aims to strengthen the company’s business capacity in the infrastructure construction sector and optimise corporate governance.
DETAILS OF THE CORPORATE ACTION
The signing of the CSPA involves multiple sellers comprising individuals and legal entities: Gao Jing, Sun Ling, Gao Jinfeng, and PT Kreatif Konstruksi Indonesia. The buyer in this transaction is PT Liqun Investments Indonesia. The total value of the conditional share purchase transaction is recorded at IDR37,197,327,750.
According to the disclosure report, this transaction is not an affiliated transaction as stipulated in OJK Regulation Number 42/POJK.04/2020. The sellers (Gao Jing, Sun Ling, Gao Jinfeng, and PT Kreatif Konstruksi Indonesia) have no affiliated relationship with PT Liqun Investments Indonesia.
This step is taken as a strategy to develop and expand the company’s business network. This is expected to enhance business development prospects, particularly in the infrastructure construction sector.
Completion of the transaction remains dependent upon the fulfilment of conditions precedent. These conditions have been detailed in the CSPA documentation and comply with applicable regulations.
IMPACT FOR INVESTORS
This corporate action signals positive momentum regarding PT Koka Indonesia Tbk’s strategic expansion efforts in the infrastructure sector. The company projects an increase in business capacity and strengthened investment climate following completion of the transaction.
As of the disclosure date, PT Liqun Investments Indonesia is reported to have no shareholding in PT Koka Indonesia Tbk. This indicates the buyer’s position as a new external party entering into the transaction structure related to the company.
The application of sound corporate governance principles is one of the anticipated impacts from this transaction, which is important for maintaining business continuity and enhancing public shareholder confidence.
Operationally, the expansion of the business network is aimed at capturing broader infrastructure project opportunities in the future. Investors should monitor developments regarding the fulfilment of conditions precedent, which may affect the final transaction completion schedule.
RELATED FINANCIAL CONDITIONS
The transaction value of IDR37.19 billion represents a material figure that will influence the financial position of the parties involved. The transaction is conducted whilst observing applicable capital market regulations.
This disclosure is submitted to comply with OJK Regulation Number 31/POJK.04/2015. The report is submitted to the OJK Commissioner Board through the Head of Capital Market Supervisory Executive.
COMPANY PROFILE
PT Koka Indonesia Tbk is a limited liability company established in 2011, operating in the field of general contractor construction projects, mechanical engineering, geotechnical engineering, interior design, and furniture. The company possesses high qualifications in building construction, industrial factory construction, and bridges and tunnels, having undertaken a series of investment engineering and construction projects throughout Indonesia.