Petrindo

Category: News

  • Negotiation Announcement in Relation to The Proposed Acquisition of PT Singaraja Putra Tbk

    Negotiation Announcement in Relation to The Proposed Acquisition of PT Singaraja Putra Tbk

    In order to comply with Article 4 paragraph (1) of Financial Services Authority Regulation No. 9/POJK.04/2018 on Takeovers of Public Companies (“POJK 9/2018”), we, PT Petrindo Jaya Kreasi Tbk (IDX Ticker: “CUAN”), hereby inform the negotiation in connection to the proposed acquisition (“Proposed Acquisition”) of PT Singaraja Putra Tbk (IDX Ticker: “SINI”).

    As of the date of this announcement, CUAN (through its subsidiary namely PT Kreasi Jasa Persada and its affiliates) indirectly holds 19.99% of the issued and paid-up capital of SINI and is currently engaged in negotiations with the controlling shareholders of SINI, to discuss, among other things, arrangements regarding the mechanism, the estimated number of shares, the price and the anticipated completion timeline for the Proposed Acquisition. Subject to the outcome of discussions including the execution of definitive agreements and satisfaction of all the required conditions and approvals, it is expected that upon completion of the Proposed Acquisition, then CUAN and/or its affiliates will hold at least 51% (fifty one percent) of the total shares that have been and/or will be issued by SINI, and will obtain control over the management of SINI.

    As required under POJK 9/2018, CUAN, as the new prospective controller of SINI will, or appoint any controlled company by CUAN to, carry out a mandatory tender offer after the Proposed Acquisition has been completed, with due observance of of POJK 9/2018.

    The information of CUAN as the new prospective controller of SINI is as follows:

    PT Petrindo Jaya Kreasi Tbk
    Alamat / Address : Wisma Barito Pacific Tower B, Lt.3 Tower B, Jl. Let. Jend. S. Parman Kav. 62-63, Jakarta 11410
    Telp. / Telephone : 021-5308520
    Surat elektronik / Email : corsec@petrindo.co.id
    Kegiatan Usaha / Business Activities : Aktivitas Perusahaan Holding dan Aktivitas Konsultasi Manajemen Lainnya / Holding Company Activities and Other Management Consulting Activities

    The purpose of this Proposed Acquisition among others, increasing CUAN group’s assets, expanding its business network, and serving as part of CUAN group’s long-term business development plan to become an integrated mining and mining services company.

    In carrying out the Proposed Acquisition including any development of the negotiation process (if any) of the Proposed Acquisition, CUAN will comply with the applicable laws and regulations, including POJK 9/2018.

    We hereby convey this information, thank you for your attention.

    Download the article

    Download

  • Petrindo Records Excess Demand in Bond and Sukuk

    Petrindo Records Excess Demand in Sustainable Bonds I Phase II & Sustainable Wakalah Sukuk I Phase II

     PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) (the “Company”) hereby announces that the Company has successfully recorded 4.5 times oversubscription during the 2025 Shelf-Registered Bond I Phase II and Sustainable Wakalah Sukuk I Phase II 2025.

     

    October 20, 2025 – PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) (the “Company”) hereby announces that the Company has successfully recorded 4.5 times oversubscription during the 2025 Shelf-Registered Bond I Phase II and Sustainable Wakalah Sukuk I Phase II 2025.

    “We really appreciate the trust given by investors to the Company as a reflection of the Company’s solid and sustainable long-term prospects. This trust is a catalyst for the Company to continue to implement a consistent and sustainable growth strategy to create long-term added value for all stakeholders,” said Kartika Hendrawan, Director of the Company.

    Due to the high interest and enthusiasm of investors, the Company provides greater participation opportunities for investors by increasing the number of Bonds and Sukuk units issued, so that the total funds to be raised were previously planned to be Rp. 1 trillion to increase to Rp. 2 trillion. With details of Sustainable Bonds I Phase II Year 2025 with a principal amount of IDR 1.35 trillion and Sustainable Wakalah Sukuk I Phase II Year 2025 with remaining ijarah rewards of IDR 650 billion.

    In line with the improvement in the Company’s business risk profile, the issuance of Bonds and Sukuk in Phase II experienced a decrease in coupon interest rates, namely 8.5% with a tenor of 5 years, compared to the 9% coupon with the same tenor forBonds and Sukuk Phase I issued earlier this year. The improvement in the risk profile strengthens investor confidence in the Company’s business sustainability based on the long mining life of each mine owned, business development through diversification strategies and supported by good financial performance. In line with this, the demand for long-term tenors is also recorded quite high so that the Company issues Bonds and Sukuk with longer tenors compared to Phase I in 2025, namely a 7-year tenor in Phase II with a coupon rate of 9%.

    This issuance is part of the Sustainable Public Offering of Sustainable Bonds I and Sustainable Wakalah Sukuk I programs, with a total of Rp. 3 trillion to be raised. The listing of Bonds and Sukuk Phase II will be listed on October 27, 2025 on the Indonesia Stock Exchange.

    Previously, the Company had obtained a rating of idA (single A) & idA(sy) (single A Syariah) Wakalah Bonds and Sukuk with a stable outlook from PT Pemeringkat Efek Indonesia (PEFINDO) based on data and information from the Company as well asthe Audit Financial Statements as of December 31, 2024.

    Based on the rating certificate issued by PEFINDO, “Debt securities with an idA rating indicate that the issuer’s ability to meet its long-term financial commitments on such debt securities, compared to other issuers in Indonesia, is strong”. Meanwhile, “Sharia funding instruments with an idA(sy) rating indicate that the issuer’s ability to meet longterm financial commitments in Sharia funding contracts compared to other Indonesian issuers in Indonesia is strong”.

     

     

     

    The Company is a holding company that carries out business activities in the mineral and energy mining sector through its subsidiaries. Through its subsidiaries, theCompany focuses on three main business lines, namely mining which includes thermal coal, metallurgical coal, gold, and silver; Mining services that provide integrated mining contract services and EPC services; as well as infrastructure and other services that provide offshore supply base facilities and other infrastructure services

     

    Download the article

    Download

  • Clarification on Media Coverage

    Clarification on Media Coverage

    — In response to the news published by CNBC Indonesia titled “Emiten Prajogo (CUAN) acquisition GDI, Jointly execute a major project with Danantara”,

    Jakarta, 13 October 2025 — In response to the news published by CNBC Indonesia titled “Emiten Prajogo (CUAN) acquisition GDI, Jointly execute a major project With Danantara”, roughly translated to “Prajogo’s company (CUAN) Acquires GDI, Working on a Jumbo Project with Danantara”, we would like to provide the following clarification:

    PT Guna Dharma Integra (GDI), which was recently acquired by PT Petrindo Jaya Kreasi Tbk. (CUAN), is an independent company holding a power plant operating license and is projected to become an electricity supplier for industries located within the Feni Haltim industrial area.Apart from activities related to power supply, GDI currently has no relationship and is not engaged in any discussions regarding any form of investment, either directly or indirectly, with any entities within the Feni Haltim industrial area.

    We issue this clarification so that the investor community and the general public can carefully assess and verify any circulating news reports.

    Sincerely,

    Corporate Communication Petrindo

    For media inquiries, please contact: corpcomm@petrindo.co.id

    Download the article

    Download

  • Petrindo Develops 680 MW Power Plant in North Halmahera Worth 600 Million USD (10 Trillion Rupiah

    Petrindo Develops 680 MW Power Plant in North Halmahera Worth 600 Million USD (10 Trillion Rupiah

    PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) hereby announces that its wholly-owned subsidiary, PT Volta Daya Energi Indonesia (VDEI) has signed a Share Purchase Agreement (SPA) for the purchase of a 90% shares in PT Guna Darma Integra (GDI). 

    October 10, 2025 – PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) hereby announces that its wholly-owned subsidiary, PT Volta Daya Energi Indonesia (VDEI) has signed a Share Purchase Agreement (SPA) for the purchase of a 90% shares in PT Guna Darma Integra (GDI). 

    GDI will develop a 680 MW Power Plant project in the Feni Haltim (FHT) Industrial Park integrated industrial estate, East Halmahera, North Maluku. The estimated value of the project is estimated to reach US$ 600 million (or equivalent to Rp 10 trillion) with a target of implementing project construction for 28 months.

    “The signing of this agreement reflects Petrindo’s commitment to play an active role in supporting the development of the electric vehicle battery ecosystem, while continuing to increase added value for the energy sector and the nickel industry in Indonesia. This acquisition is part of the Company’s long-term strategic plan in the development of new energy in line with the Company’s vision to create more value in a sustainable manner through mineral and energy mining,” said Michael, President Director of PTPetrindo Jaya Kreasi Tbk.

    Feni Haltim (FHT) Industrial Park is an integrated industrial estate that is part of the implementation of the Indonesian government’s mineral downstream strategy to realize the potential for the development of electric vehicle battery industry centers in the country.

     

    Download the article

    Download

  • Petrindo Jaya Kreasi signs MoU with Australia’s Cokal Limited

    Petrindo Jaya Kreasi signs MoU with Australia’s Cokal Limited on Coal Transport Infrastructure in Murung Raya, Central Kalimantan

     This MoU signifies a strategic partnership aimed at infrastructure development and optimizing coal
    transportation in Central Kalimantan.

    Jakarta, 6 March 2024 – PT Petrindo Jaya Kreasi Tbk. (“Petrindo”) signs a Memorandum of
    Understanding with Cokal Limited, a coal mining company publicly listed in ASX Australia.
    This MoU signifies a strategic partnership aimed at infrastructure development and optimizing coal
    transportation in Central Kalimantan.
    Daniel Laurente Jr, Director of Petrindo, expressed his enthusiasm, stating, “We are thrilled to embark
    on this collaboration with Cokal Limited in Murung Raya Regency, Central Kalimantan. This initiative
    provides an acceleration to start and increase both of coal mining assets, owned by Petrindo and Cokal.
    This underscores our unwavering dedication to enhancing operational efficiency and supply chain
    integration, ultimately delivering added value to our stakeholders.”
    The MoU also strengthens Petrindo’s supply chain integration and operational efficiency of PT Daya
    Bumindo Karunia, which is located side by side with PT Bumi Barito Mineral owned by Cokal. Access
    to infrastructure is key to Petrindo’s operation and through the MoU, Petrindo will significantly
    optimize its transportation efficiency in its operational areas.

    Download the article

    Download

  • CUAN Contributes to Help Society Preserve Cultural Values

    CUAN Contributes to Help Society Preserve Cultural Values

    Central Kalimantan, 9 August 2023

    PT Petrindo Jaya Kreasi Tbk (CUAN) is participating in efforts to preserve culture and local wisdom in all villages, assisted by its Subsidiary Entity, PT Tamtama Perkasa (TP), which is located in North Barito Regency, Central Kalimantan. Through the Company’s Community Development and Empowerment (PPM) master plan, CUAN has facilitated traditional activities and celebrations of religious holidays for the community around the TP operational area. By contributing to maintain local cultural values as well as good communication with the community that has been going well so far, the Company has proven that the growth and sustainability of the Company can be in harmony with the community’s welfare.

  • CUAN Supports Resilient Infrastructure Development for Community Mobility

    CUAN Supports Resilient Infrastructure Development for Community Mobility

    Central Kalimantan, 13 July 2023

    PT Petrindo Jaya Kreasi Tbk (CUAN) acknowledge the critical role of resilient infrastructure in spurring economic growth, especially at the regional level. Therefore, through its Subsidiary, PT Tamtama Perkasa (TP), the Company supports infrastructure development around TP’s operational area by facilitating heavy equipment for road and bridge repairs totalling 42 km. Road and bridge repairs which are the primary access in the region, are implemented to enable community mobility to increase the fair development and welfare distribution of the people of Muara Pari Village, Rahaden Village, Muara Inu Village, Jujubaru Village, Hurung Village, in North Barito Regency, Central Kalimantan.

    This support to provide adequate infrastructure is in line with the Company’s Community Development and Empowerment (PPM) master plan, as well as a form of the Company’s contribution to the 9th Sustainable Development Goals (SDGs), which is building resilient infrastructure, supporting inclusive and sustainable industrialization, and assisting development innovation. 

  • Shareholders Approve the All Agenda at CUAN’s First GMS

    Shareholders Approve the All Agenda at CUAN’s First GMS

    Jakarta, 19 June 2023

    PT Petrindo Jaya Kreasi Tbk (CUAN) held its first Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) where the majority of shareholders approved all agenda items discussed at the two meetings. At the meeting chaired by the Independent Commissioner, Henky Susanto, Management announced a substantial increase in performance in the 2022 financial year due to rising world commodity and oil prices, as well as an increase in the coal sales volume of its subsidiary, PT Tamtama Perkasa (TP). 

    However, the Company is still aware of the uncertainty of global economic conditions, which are influenced by geopolitical conditions and soaring inflation. In the future, the Company will focus on maintaining business continuity and operational excellence to maintain solid financial resilience. On this occasion, the Company also reported the Realization of the Use of Funds from the Initial Public Offering (IPO) that was carried out in early 2023.

  • Officially an Issuer, CUAN Publishes Annual Report and Sustainability Report

    Officially an Issuer, CUAN Publishes Annual Report and Sustainability Report

    Jakarta, 17 May 2023

    After officially listing on the Indonesia Stock Exchange on 8 March, CUAN has fulfilled its obligations as an Issuer to launch its First Annual Report and Sustainability Report. The Company reported productive and effective performance throughout 2022, so it managed to record revenue of IDR 1,519 billion, an increase of 277.5% from the previous year. 

    The Company is optimistic that the 2022 performance achievement will become an excellent foundation to lead the Company to business growth while maintaining the reliability of the Company’s performance and finances in the future. Through the Sustainability Report, CUAN conveys its commitment to implementing a sustainability strategy following Environment, Social, and Governance (ESG) principles to ensure that the Company operates by prioritizing environmental compliance to create a positive impact for all its Stakeholders.

  • CUAN Elected to Join The Indonesia Sharia Stock Index

    CUAN Elected to Join The Indonesia Sharia Stock Index

    Jakarta, 9 March 2023 

    The shares of PT Petrindo Jaya Kreasi Tbk (CUAN) are included in the list of Sharia Stock following the provisions of the Financial Services Authority (OJK) as cited in the OJK Board of Commissioners Decree Number KEP-22/D/04/2023. The letter signed by the OJK Board of Commissioners, Chief Executive of Capital Markets, Financial Derivatives, and Carbon Exchange Supervision, Inarno Djajadi, stated that CUAN was elected to join the Indonesia Sharia Stock Index (ISSI).

    CUAN chose to join the Sharia Stock Index because the Company is considered to have carried out its business activities in a way that does not conflict with sharia principles in the Capital Market. The OJK made this decision after reviewing the data sources from the Company’s registration statement document and other supporting data in the form of written data obtained from the Company or other parties.