Indonesian Political, Business & Finance News

VICO Injects Rp 13 Billion into VINS via Private Placement

| | Source: INVESTASI.KONTAN.CO.ID Translated from Indonesian | Business
VICO Injects Rp 13 Billion into VINS via Private Placement
Image: INVESTASI.KONTAN.CO.ID

PT Victoria Investama Tbk (VICO) has made a capital contribution to its subsidiary, PT Victoria Insurance Tbk (VINS), through a private placement scheme or capital increase without pre-emptive rights for shareholders (PMTHMETD). Based on the disclosure on the Indonesia Stock Exchange on Wednesday (25/3/2026), VICO Director Jimmy Kurniawan Setio revealed that the transaction was executed on 12 December 2025. In this corporate action, the company purchased 92,857,143 shares of VINS at an exercise price of Rp 140 per share. Consequently, the total transaction value reached Rp 13 billion. β€œThe implementation of the PMTHMETD by the company as the controlling shareholder is intended to strengthen the capitalisation of the subsidiary entity,” it stated in the disclosure on Wednesday (25/3/2026). In this transaction, VICO acts as an affiliated party because it is the controlling shareholder of VINS. Thus, the transaction is classified as an affiliated transaction.

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