Information Disclosure - Negotiation Announcement on Proposed Acquisition of PT Inti Bangun Sejahtera Tbk by PT Iforte Solusi Infotek
TOWER · Wednesday, 5 June 2024 07:00
To comply with Financial Services Authority ("OJK") Regulation No. 31/POJK.04/2015 on Disclosure of Material Information or Facts by Issuers or Public Companies ("OJK Regulation No. 31/2015") and Regulation No. I-E on Obligation to Submit Information as stipulated under IDX Board of Directors Decree No. Kep-00066/BEI/09-2022 ("IDX Regulation No. I-E"), we, PT Sarana Menara Nusantara Tbk. (the “Company”), hereby submit the following Report on Material Information or Facts:
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Name of Issuer or Public Company |
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PT Sarana Menara Nusantara Tbk. |
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Line of Business |
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- Telecommunication Central Construction - Holding Company Activities - Other Management Consultancy Activities
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Phone No. |
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021-23585500 |
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Email address |
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corpsec@ptsmn.co.id |
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1. |
Date of Occurrence
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5 June 2024 |
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2. |
Type of Information or Material Facts |
Other Material Information or Facts.
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3. |
Description on the information or Material Facts |
With reference to the Letter of PT iForte Solusi Infotek ("iForte") No. 021/EXT/ISI/HS/HT/VI/2024 dated 5 June 2024 Re: Negotiation Announcement on Proposed Acquisition ("Negotiation Announcement"), we hereby inform you that iForte, an indirect subsidiary that is controlled by the Company, proposed to acquire shares in PT Inti Bangun Sejahtera Tbk. ("IBST") representing approximately 90.11% (ninety point one one percent) of all issued and paid-up capital in IBST, owned by PT Bakti Taruna Sejati and certain other minority shareholders of IBST (collectively hereinafter shall be referred to as the "Sellers"), whereby after the completion of such transaction, iForte will be the new controller of IBST (proposed acquisition of shares as described above hereinafter shall be referred to as the "Proposed Acquisition"). The Proposed Acquisition is conducted through a tender process held by the Sellers, and PT Profesional Telekomunikasi Indonesia ("Protelindo"), which is a controlled subsidiary directly owned by the Company, has participated in this tender process and was named as the preferred bidder. Following Protelindo being named as the preferred bidder, Protelindo appointed iForte, which is a subsidiary that is directly owned by Protelindo, to act as the purchaser for the Proposed Acquisition.
As conveyed in the Negotiation Announcement, the purpose of Proposed Acquisition is to develop business and expand business network in order to strengthen iForte's group business position in the digital telecommunications infrastructure sector.
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The impact of such event, information or material facts towards operational activities, legal, financial condition, or business continuity of the Issuer or Public Company
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The disclosed information or material facts does not have negative impact to the operational, legal, financial condition or continuity of the Company's business.
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Other information |
Other than the information we disclose above, at this time, there is no other material information or fact that we can disclose.
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Thus, we submit this report. Thank you for your attention.
Sincerely yours,
PT Sarana Menara Nusantara Tbk.