PT Merdeka Copper Gold Tbk (MDKA) said that its subsidiary, PT Merdeka Energi Nusantara (MEN) has completed the acquisition of shares issued by PT Merdeka Battery Materials (MBM), which is also still a controlled company of MDKA.

"MEN and MBM had previously signed a conditional share share acquisition agreement effective on December 8, 2022 (CSSA). The settlement based on CSSA has occurred on December 27, 2022," said MDKA Corporate Secretary Adi Adriansyah Sjoekri in an information disclosure quoted on Friday (30/12/2022).

"Referring to the disclosure of information submitted by the company through Letter No.275/MDKA-JKT/CORSEC/XII/2022 dated December 12, 2022 in connection with the conditional share takeover agreement, we hereby convey that a settlement has occurred," he continued.

With this settlement, explained Adi, MEN as a controlled company with 99.99% of its issued and paid-up capital owned by the company, has effectively become a shareholder of MBM with 59.88% ownership of all issued and paid-up capital by MBM.

"There is no adverse impact on the settlement of the company's operations, legal, financial condition, or business continuity," he added.

Prior to the transaction, 55.3% of MBM's shares were owned by MEN (previously PT Batutua Tambang Abadi); PT Prima Puncak Mulia owns 15.4% of MBM's shares; Winato Kartono 8.6%; PT Prima Langit Nusantara 5.6%; Hardi Wijaya Liong 3.7%; Garibaldi Thohir 4.8%; Edwin Soerjadjaya 2.9%; Phillip Suwardi Purnama 3.3%; Agus Superiadi 0.3%; and Trifena 0.1%.

It was explained in the previous information disclosure that the transaction value or the total price of taking part of the shares was US$ 180.04 million (around Rp 2.8 trillion).

Image source: Ilustrasi/Perseroan

Source: https://investor.id/market-and-corporate/317815/anak-usaha-merdeka-copper-mdka-rampungkan-transaksi-rp-28-triliun