Rohartindo to acquire buildings worth IDR 25 billion

10 August 2022 08:00

JAKARTA – PT Rohartindo Nusantara Luas Tbk (TOOL) sets IDR 25 billion aside to purchase three shophouses and two units of warehouses located in Kosambi, North Jakarta.

In the short prospectus quoted Wednesday (10/8), it is mentioned that TOOL acquires said assets from Ronald Hartono Tan (RHT), the owner of 4.39% of TOOL’s shares. RHT is also known as the reigning controlling shareholder and President Director of TOOL. Said asset purchase agreement was created on December 6, 2021.

The budget for this asset acquisition originates from the proceeds of its initial public offering (IPO), in which TOOL offered 410 million shares for IDR 127 each. The target for the IPO held last week, from August 2 to 5, 2022, amounted to IDR 52.07 billion.

Prior to the IPO, TOOL’s authorised capital was at IDR 328 billion, while its issued and paid-up capital clocked up to IDR 82 billion. RHT controlled 4.39% of the shares, Tang Ngo Moy followed with 0.49%, while PT Rohartindo Maju Perkasa (RMP) dominated with 95.12%. The stock in portfolio held IDR 246 billion worth of shares.

After this corporate action, the issued and paid-up capital of TOOL increases to IDR 102.50 billion. RHT now ony has 3.51% of the shares, followed by Tan Ngo Moy of 0.39% and RMP of 76.10%. Lastly, the public shares the allotted 20%. (LK/ZH)

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