JAKARTA. PT Terregra Asia Energy Tbk (TGRA) has divested its entire stake in PT Terregra Solar Power (TSP), its subsidiary in the solar power industry.
This was conveyed by TGRA's management through the disclosure submitted to the Indonesia Stock Exchange (IDX) on Thursday (10/9). Andry Yapri Charless, Director of TSP, acts on behalf of TSP's shareholders who have carried out circular decision making process outside of the General Meeting of Shareholders (GMS).
In this decision, TGRA transferred 99.99% of TSP shares to Nancy Tanuyanti, with a nominal value of Rp 100 thousand per share. The remaining 0.01% was transferred to Andi Setiawan.
According to the data gathered by idnfinancials.com, TSP's total asset value was recorded at Rp 121.76 billion as of the end of June 2020. TSP also has one subsidiary, PT Ananta Surya Kencana (ASK), which has assets with a total value of Rp 2.18 billion. (KR/AR)