BYAN Strengthens Logistics with IDR 3.3 Trillion Coal Terminal Purchase
Mon 21 Jul 2025, 16:02 PM
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PT Bayan Resources Tbk. (BYAN), has acquired and developed Coal Terminal owned by PT Fajar Sakti Prima (PT FSP) for IDR 3,305,999,298,000.
The dedicated coal terminal is located in Sebelang Village, Muara Pahu District, West Kutai Regency, East Kalimantan Province. The acquisition transaction was completed on June 25, 2025.
Citing information disclosure from the Indonesia Stock Exchange (IDX), BYAN holds 90% of PT FSP's shares and is the primary controller of the company.
Coal Terminal Development Reaches IDR 151,696,017,668 (Excluding VAT).
The reason for this corporate action is based on several considerations, including that the dedicated Coal Terminal can optimize its operational activities and is more profitable in terms of price compared to other parties.
PT Nirmala Matranusa (PT NMN) is the contractor for the construction of the coal terminal. Management stated that PT NMN has experience in jetty construction projects, thus increasing the certainty of completion.
In addition, PT NMN has flexibility in completing projects according to what the Company expects in terms of quality, design, completion time and other matters related to project completion, compared to if it is done by other parties.
PT NMN also provides a lower offer because it can reduce the Mobilization and Demobilization costs for the equipment needed by the Company, the price offered includes greater mobilization and demobilization costs so that the price offered becomes very high.
"Based on the scope of work, assumptions, data, and information obtained from the Company's management used in preparing the fairness opinion report, reviewing the financial impact of the Transaction as disclosed in the fairness opinion report, KJPP DAZ REKAN is of the opinion that the Transaction is fair", wrote the management.
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