MGRO THROUGH SUBSIDIARIES BECOMES THE CONTROLLER OF PALM OIL PLANTATION COMPANY
24 March 2023
PT Mahkota Group Tbk through its entity, PT Berlian Inti Mekar on March 24, 2023 carried out a transaction to take over the majority stake (control) of an affiliated oil palm plantation company, PT Mega Sawit Sriwijaya, located in South Sumatra.
This acquisition was carried out in order to increase the availability of production raw materials for the company and also to fulfill the provisions of Law No.39 of 2014 concerning the provision of production raw materials from its own plantation.
This transaction has also met all the requirements set by the Indonesian financial and capital market regulators.