State-owned cement manufacturer PT Semen Indonesia (Persero) Tbk (SIG) has acquired 7.53 billion shares of PT Solusi Bangun Indonesia Tbk (SBI) from PT Semen .
Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia 27 January 2021
PT Solusi Bangun Indonesia Tbk (SMCB), PT Semen Indonesia Industri Bangunan and Japan-based Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and cement sale and purchase master agreement (offtake agreement) on 26 January.
The transfer and capital participation agreement reflects the planned capital investment by Taiheiyo in the former Holcim subsidiary through the issuance of new shares with the right to pre-order securities (HMETD) or rights issue. The implementation of SSA [Signing of Assignment and Subscription Agreement] and issuance of new shares with HMETD will be implemented in accordance with the applicable laws and regulations, said Aulia Mulki Oemar, president Director of Bangun Solutions.