PT Petrindo Jaya Kreasi Tbk (CUAN), has responded to rumors suggesting that the company is planning to acquire shares in PT Petrosea Tbk (PTRO).
According to the Indonesia Stock Exchange (IDX) disclosure, Petrindo Jaya Kreasis Corporate Secretary, Michael, stated that the rumors circulating on October 30, 2023, are untrue. As of now, the company does not possess and/or sign any agreement or document regarding such transactions, Michael said, as quoted in the BEI disclosure on Tuesday (31/10).
Michael emphasized that Petrindo Jaya Kreasi remains focused on its operational and production activities, considering existing business opportunities and potentials. In line with CUANs growth plans in mining, mining services, and other activities, the company is actively exploring and reviewing several potential assets and mining activities.
He mentioned that these explorations and reviews involve investments, acquisitions, collaborations, or other partnership forms aimed at adding value and providing positive support to the overall performance of the company. Each potential endeavor is carefully studied and analyzed by Petrindo, with a particular focus on ensuring the creation of the best synergy.
This can strengthen the companys position as one of the integrated mining companies in Indonesia, stated Michael.
As part of the corporate action plan following the growth strategy, Michael mentioned that CUAN is developing its business and adding essential assets. Additionally, CUAN is engaging in discussions and initial negotiations with third parties, taking into account factors that will influence the final decisions regarding these plans.
Michael affirmed that CUAN would disclose information about the corporate action plan once the plans can be revealed after the company reaches a final decision. Regarding corporate action plans, the company will comply with all applicable regulations, including being bound by confidentiality agreements related to these plans, concluded Michael.
Image source >>> KONTAN/Akhmad Suryahadi
Source >>>https://katadata.co.id/hariwidowati/finansial/65409bc866d96/petrindo-jaya-kreasi-tbk-cuan-bantah-soal-rumor-akuisisi-petrosea
Source https://djakarta-miningclub.com