JAKARTA - PT Surya Indra Muara Pantai (SIMP), the new controlling shareholder of PT Rig Tenders Indonesia Tbk (RIGS), will hold a mandatory tender offer at a price of IDR 277 per share.
The number of RIGS shares that SIMP is ready to buy is 118.53 million or 19.46%, according to information disclosure on the Indonesia Stock Exchange (IDX). For this tender offer, SIMP has prepared funds of around IDR 32.83 billion.
The tender offer carried out by SIMP is part of the acquisition of 80.54% of RIGS shares which was carried out in November 2021. All of these shares were previously owned by Scomi Marine Service Pte. Ltd.
The tender offer schedule is set to take place on January 4 - February 3, 2022. While payments will be made on February 11, 2021.
For the record, SIMP is a company headquartered in Samarinda, East Kalimantan. The company runs water transportation, warehousing and trading businesses. SIMP had no affiliation with RIGS at the time of the acquisition and tender offer.
As of January 3, 2022, Hadi Sunarto owns 68% of SIMP's shares. PT Patra Kartika owns 1% and Ratna Sari Suhartono 31%. (KR/LM)