PT Aneka Tambang Tbk (ANTM) or Antam together with its subsidiaries PT International Mineral Capital (PT IMC) and Hong Kong CBL Limited (HKCBL) signed a conditional sale and purchase of shares agreement (CSPA) on 4 May 2023. HKCBL is a subsidiary of Ningbo Contemporary Brunp Lygend Co Ltd (CBL). Antam's Corporate Secretary, Syarif Faisal Akadrie explained, the signing of the conditional share sale and purchase agreement was in order to transfer part of the share ownership in PT Feni Haltim (PT FHT) to HKCBL, for the development and operation of the industrial area as the location for the development of the electric vehicle (EV) battery ecosystem or integrated electric vehicle battery.
As well as in the context of expansion and/or development of ports and other infrastructure including the construction of nickel processing facilities based on rotary kiln electric furnace technology as many as 4 production lines to realize the development of the EV battey ecosystem in East Halmahera, North Maluku. "The signing of this CSPA is a milestone for the company in its ongoing efforts to develop the EV battery. CBL as a group, as a potential strategic partner for Antam, has a portfolio to develop and manage nickel industrial estates," said Syarif Faisal in an official statement quoted on Tuesday (9/5/2023).
In addition, he continued, CBL can provide certainty about fulfilling tenants in the PT FHT industrial area so that it will be able to provide a promising investment climate for Indonesia. "It is hoped that this CSPA will be able to increase the effectiveness of the EV battery development that is being carried out in Indonesia so that it can create added value in Antam's nickel ore management, both limonite and saprolite," he said.
Source: https://investor.id/market/328919/demi-ekosistem-baterai-ev-antam-antm-jual-saham-anak-usaha
