Lautan Luas

October 2023

The establishment of PT Lautan Air Murni by PT Pacinesia Chemical Industry

PT Pacinesia Chemical Industry has established a subsidiary named PT Lautan Air Murni (“LAM”) with the following details: Authorized Capital of IDR5,000,000,000.- Paid-up Capital of IDR3,000,000,000.- or 3,000 shares, each share valued at IDR1,000,000.-with the composition of shareholders as follows: PCI holds 2,970 shares or equivalent to 99.00% with a total share value of IDR2,970,000,000. …

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Transfer of all of the Company’s shares in PT Lautan Solusi Airindo.

The Company sold and transferred all of the Company’s shares in PT Lautan Solusi Airindo (“LSA”) to PT Pacinesia Chemical Industry (“PCI”), amounting 16,920 shares or equivalent to 99.53% of LSA’s issued shares, with a sales value of IDR 16,900,000,000.-. This transfer of shares is classified as an affiliated transaction because LSA and PCI are …

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