Responds to stock volatility, PGJO outlines plan to divest a subsidiary

Thu, 05 Mar 2026, 22:06 WIB | By | Source: BCASEKURITAS.CO.ID | Business

IQPlus, 5 March 2026 — The management of PT Bahtera Bumi Raya Tbk (PGJO) issued an official clarification regarding the volatility in the company’s securities trading that occurred recently. The clarification was provided in response to a request for clarification from the Indonesia Stock Exchange (BEI) via letter No. S-02918/BEI.PP2/03-2026.

Director Willius Wijaya of PT Bahtera Bumi Raya Tbk stated that, to date, the company is not aware of any information or material facts not yet disclosed to the public that could influence the value of the company’s securities or investors’ investment decisions. This references information disclosure requirements under OJK regulations and the Indonesia Stock Exchange.

‘The company hereby informs that it does not know of any information or material facts that could influence investors’ decisions,’ Willius wrote in the official information disclosure, Thursday (5 March 2026).

Nevertheless, management disclosed that the company is currently in a phase of exploratory discussions for a corporate action. PGJO plans to divest one of its subsidiaries. This corporate action is expected to be completed within the next three months.

Furthermore, management emphasised that the controlling shareholder and main owner of the company, PT Batu Investasi Indonesia, does not have any specific plans regarding its shareholding in the near term. The company also confirmed there is no activity by any particular shareholder that contravenes the rules on share ownership of a public company. Regarding business continuity, PGJO remains committed to complying with all applicable laws and regulations until the corporate action is implemented. (end)

Related Research