JAKARTA – PT Samindo Resources Tbk (MYOH) completed the process of acquiring shares of PT Transkon Jaya Tbk (TRJA) on November 30, 2023. Through this acquisition, the integrated coal mining service provider in Indonesia now controls 74% of TRJA’s shares.
In the company’s official statement, the approximately IDR 307 billion acquisition transferred a total of 1,117,548,000 shares, previously owned by PT Damai Investama Sukses and PT MSJ Investama Abadi, or equivalent to 74% of TRJA’s issued and fully paid-up capital, to Samindo Resources.
TRJA is a company engaged in the rental of four-wheel-drive (4WD) vehicles, which are essential support transportation tools in mining activities. It is noted that more than 2,800 4WD vehicles owned by TRJA are used by various renowned mining contractors such as Pama Persada and BUMA. TRJA’s services have also expanded into the nickel, copper, and gold mining sectors.
He added that this acquisition further strengthens Samindo Resources’ position as an integrated coal mining service provider in Indonesia. Previously, the company already had three main services in coal mining activities and one supporting service, namely overburden removal, coal production, coal transportation, and exploration drilling.
Zaki emphasized that the inclusion of TRJA will enhance Samindo Resources’ competitiveness in the national mining service industry. This acquisition, he said, will also serve as a bridge for the company to delve deeper into opportunities in the mining sector beyond coal.
“The services offered by TRJA are not limited to the coal sector but are already used in almost all mining activities,” he said.