HITS - PT. Humpuss Intermoda Transportasi Tbk

Rp 515

-40 (-6,56%)

JAKARTA. PT Humpuss Intermoda Transportasi Tbk (HITS) is conducting an affiliate transaction by acquiring 1,227,123,000,000 shares of its subsidiary, PT Humpuss Transportasi Kimia (HTK), in PT Humpuss Maritim Internasional (HUMI) for USD 77.95 million or IDR 1.19 trillion.

In the information disclosure issued last Sunday (22/1), Tony Aulia Achmad, President Director of HITS, claimed that the shares purchase acts as a payment for debt owed to HTK. With this transfer of shares, HITS now becomes the controlling shareholder of HUMI, owning 13,805,175,000 shares or 89.99% of HUMI’s entire capital.

“The purpose of this transaction is to accelerate HUMI’s transformation process to become an energy distributor, infrastructure, and port ecosystem company,” Achmad explained. Approximately IDR 367.76 billion worth of HUMI’s shares were transferred to HITS on November 4, 2022, while another IDR 829.76 billion was transferred on November 9, 2022.

HITS is reportedly preparing HUMI to go public soon. Tirta Hidayat, President Director of HUMI, claimed that in order to expand the energy sector in the future, one HUMI’s strategies includes reinforcing cooperations with several renowned companies in logistics, such as Mitsui OSK Lines (MOL), Japan, which has been partnering with HUMI for over 30 years. (AM/ZH)