Sinar Eka (ERAL) Establishes Joint Venture with Investment Value Reaching Rp 10.1 Billion

PT Sinar Eka Selaras Tbk (ERAL) has announced the establishment of a joint venture with Pan Asia Indonesia Limited from Hong Kong. According to the disclosure on Tuesday (7/4/2026), the joint venture is named PT Mega Cahaya Indonesia. The company was founded to conduct wholesale trading, provision of products and technical support, as well as trading in LED displays, videotron, and smartboards in Indonesia. The total investment value for this joint venture reaches Rp 10.1 billion. ERAL becomes the majority shareholder with 70%, equivalent to Rp 7.07 billion, while Pan Asia Indonesia holds 30%, equivalent to Rp 3.03 billion. “Based on the transaction funding sources, all costs arising from the investment in PT Mega Cahaya Indonesia come from the internal cash of ERAL and Pan Asia Indonesia,” wrote ERAL’s Corporate Secretary, Badar Teguh Mancik Alam. For additional information, ERAL recorded solid financial performance throughout the 2025 fiscal year. The company recorded net sales of Rp 6.49 trillion, an increase of 34.1% year-on-year (yoy) compared to 2024. This performance growth was driven by strengthening the business foundation through disciplined operational management, expansion of the global brand portfolio, and increasing product relevance aligned with Indonesian consumer lifestyle trends. CEO of Erajaya Active Lifestyle, Djohan Sutanto, stated that ERAL’s achievements throughout 2025 were supported by the company’s strategy in strengthening the global brand portfolio and expanding product categories that are increasingly relevant to the lifestyle needs of Indonesian society. “We also continue to maintain discipline in operational execution and focus on quality growth,” said Djohan on Monday (30/3/2026). From a business structure perspective, ERAL continues to show development towards a more diversified portfolio through three main categories: Smart, Active, and Lifestyle.