Mining Company Owned by Low Tuck Wong (MYOH) Takes Control of Transkon Jaya (TRJA)


16 Nov 2023


Dilansir Oleh

Bagikan – The mining service company owned by Low Tuck Wong, PT Samindo Resources Tbk (MYOH), has announced its intention to acquire the controlling shares of Transkon Jaya Tbk (TRJA) owned by PT Damai Investama Sukses and PT MSJ Investama Abadi, totaling 1,238,364,000 shares in TRJA.

Corporate Secretary of Samindo Resources, Ahmad Zaki Natsir, stated in an official statement on Thursday (16/11) that they have signed a conditional share purchase agreement (CSPA) with the controlling shareholders of PT Transkon Jaya Tbk (TRJA) on November 14, 2023.

“In the CSPA, the conditions to be fulfilled by the parties in the process of taking over TRJA shares have been agreed upon before the takeover is completed in full,” explained Ahmad Zaki.

“The takeover of TRJA controlling shares is one of the company’s business development strategies,” he added.

“The acquisition is only carried out by one party, namely the company. There is no organized group involved in the TRJA takeover,” he continued.

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