Samindo Resources (MYOH) Officially Takes Control of Transkon Jaya (TRJA)


01 Dec 2023

Dilansir Oleh


KONTAN.CO.ID – JAKARTA. PT Samindo Resources Tbk (MYOH) has officially become the new controller of PT Transkon Jaya Tbk (TRJA). On Thursday (30/11), MYOH completed the signing of the sale and purchase agreement for 1.11 billion TRJA shares.

This amount is equivalent to 74% of the total issued and fully paid-up capital previously owned by PT Damai Investama Sukses and PT MSJ Investama Abadi.

To break it down, MYOH purchased TRJA shares from Damai Investama Sukses, totaling 663.46 million shares or approximately 43.93% of the total issued TRJA shares. Subsequently, MYOH acquired TRJA shares from MSJ, amounting to 454.08 million shares or about 30.07%.

MYOH conducted the acquisition at a price of IDR 275 per share. Thus, the total value of the TRJA share acquisition is approximately IDR 307.32 billion.

With this transaction, MYOH officially becomes the new controller of TRJA.

“This transaction will also diversify services and strengthen MYOH’s position in the mining service industry,” wrote Corporate Secretary MYOH Ahmad Zaki Natsir in the disclosure to the Indonesia Stock Exchange, Friday (1/12).

TRJA is a company engaged in the rental of four-wheel-drive (4WD) vehicles, which are crucial support transportation tools in mining activities.

In the national mining sector, TRJA, through more than 2,800 4WD vehicles, has been widely used by various renowned mining contractors in Indonesia.

For instance, Pama Persada, a subsidiary of PT United Tractors Tbk (UNTR), and PT Bukit Makmur Mandiri Utama, a subsidiary of PT Delta Dunia Makmur Tbk (DOID).

Not only in coal mining, but TRJA’s services have also expanded into the nickel, copper, and gold mining sectors.

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