Lautan Luas

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 subsidiaries of the Company in which the Company owns more than 99% of the shares in LSA and PCI, thus meeting the criteria for affiliate relationship as referred to in Article 1.1.d OJK Regulation
No. 42/POJK.04/2020 concerning Affiliated Transactions and Conflicts of Interest Transactions (“POJK 42/ 2020”).

The details can be downloaded here

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