Technology Issuer Expands into Property and Food
The positive performance of non-oil and gas commodity trade continues to serve as a pillar of support. PT Wira Global Solusi Tbk has reaffirmed its identity and strategic direction as a technology-based investment holding company that builds, invests in, and accelerates various potential businesses in Indonesia. Since its listing on the Indonesia Stock Exchange, WGSH has been known as an issuer with a strong foundation in the technology sector.
“WGSH is not just an IT company. We are an investment holding company that uses technology as the primary driver to build value across various business lines. With this position, we want to clarify that WGSH’s role is to build a broader, more sustainable business ecosystem that is relevant to future economic needs,” said Ikin Wirawan, President Commissioner of PT Wira Global Solusi Tbk.
The company does not only support digital-based startups but also supports sectors such as agribusiness, manufacturing, and property, integrated with technology. Several projects are expected to impact financial statements directly in the short, medium, and long term, such as Landlogic, Tumbara, and Blue Phoenix.
Landlogic is a property development project to be executed after WGSH acquires PT Lereng Lembah Madu in 2025. Following the acquisition process, the owned land will be subdivided into 178 residential plots ready for development and marketing.
Tumbara is a food product distribution company focusing on seafood commodities. WGSH holds a 10% stake and has established partnerships to supply Vannamei shrimp to one of Indonesia’s national supermarket chains.
Blue Phoenix is a circular economy project operated by WGSH through PT Qorser Teknologi. The primary focus of this project is the trade of PET plastic bottle waste that has undergone a shredding process into flakes to be used as recycling raw material.
Through a Rights Issue (Penambahan Modal Tanpa HMETD), the company is issuing 208,500,000 new shares (10% dilution) at a price per share of at least 90% of the average closing price over the last 25 trading days. This is expected to provide additional working capital of approximately IDR 20 billion to IDR 30 billion for business development, particularly for Blue Phoenix.
“The new shares are expected to create a more liquid stock market. Secondly, the company’s fundamentals will increase significantly,” added Ikin Wirawan.
Looking ahead, Blue Phoenix has a broader roadmap, including upstream (garbage collection) and downstream (bottled drinking water) operations. Following the Rights Issue, WGSH plans to undertake several more corporate actions through 2027.