PJBUMI

3.390

+0.04 (+1.2%)

Share Sale Agreement for the acquisition of 90% equity interest in PT Indodrill Bumi Perkasa by PT Petrajaya Bumi, a 90%-owned subsidiary of the Company incorporated in Indonesia ("Acquisition")

PJBUMI BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-03092025-00001
Subject Share Sale Agreement for the acquisition of 90% equity interest in PT Indodrill Bumi Perkasa by PT Petrajaya Bumi, a 90%-owned subsidiary of the Company incorporated in Indonesia ("Acquisition")
Description
PJBumi Berhad ("PJBumi" or the "Company")
RE: Share Sale Agreement for the acquisition of 90% equity interest in PT Indodrill Bumi Perkasa by PT Petrajaya Bumi, a 90%-owned subsidiary of the Company incorporated in Indonesia.
Query Letter Contents

We refer to your Company’s announcement dated 29 August 2025 in respect of the aforesaid matter (“Announcement”).
 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1.

To state consideration value and nominal value of total share capital of PT Indodrill Bumi Perkasa (“IBP”) in RM.

2.

Financial information of IBP including net profits attributable to the Company and net assets based on their latest audited financial statements.

3.

Mode of settlement for the Acquisition including the terms of any arrangement for payment on a deferred basis.

4.

Particulars of an any liabilities, including contingent liabilities and guarantees to be assumed by the Company arising from the Acquisition.

5.

Name of the directors and substantial shareholders of IBP together with their respective direct and/or indirect shareholdings.

6.

(i) Basis of arriving at the consideration, other than on a “willing buyer willing seller” basis. If it was based on net assets, the year the net assets were taken into consideration, quantifying the net assets and stating whether it was based on audited financial statements; and

(ii) the justification for the consideration.

7.

Prospects of IBP.

8.

Risks in relation to the Acquisition.

9.

Salient terms of the Share Sale Agreement ("SSA"), and the time and place where the SSA may be inspected.

10.

Source(s) of funding for the Acquisition and the breakdown thereof.

11.

The highest percentage ratio applicable to the Acquisition pursuant to paragraph 10.02(g) of the Listing Requirements.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

Listing

Regulation


Cc : Market Surveillance Dept., Securities Commission

(Unless otherwise defined, the definitions and terms set out in the announcement dated 29 August 2025 shall apply herein)

 

Reference is made to the Company’s announcement dated 29 August 2025 and the query from Bursa Malaysia Securities Berhad vide its letter dated 3 September 2025 in relation to the same.

 

Please refer to the attached document for further details.

 

This announcement is dated 4 September 2025.



Please refer attachment below.



Announcement Info

Company Name PJBUMI BERHAD
Stock Name PJBUMI
Date Announced 04 Sep 2025
Category General Announcement for PLC
Reference Number GA1-03092025-00054