PT Bangun Karya Perkasa Jaya Tbk. (KRYA) announced a strategic plan on August 8, 2025, to acquire a 51% stake in PT Green City Traffic (GCT), owner of the ECGO electric motorcycle brand. This Rp 10.42 billion transaction makes KRYA the majority shareholder, with the remaining shares held by Green City SG Pte. Ltd. and William Teng.

GCT, established in 2018, is known as one of Indonesia's leading electric vehicle manufacturers, with a local content content (TKDN) level of up to 56% and sales of over 10,000 units. ECGO has built an integrated EV ecosystem, encompassing design, production, rental, and battery exchange, and is a primary supplier for GOJEK and GRAB drivers.

KRYA emphasized that this acquisition aligns with its business transformation strategy to expand its portfolio, support the government's program to accelerate environmentally friendly vehicles, and create long-term added value. Going forward, in addition to electric motorcycles, the company will also develop electric three-wheeled and commercial vehicles, with a target of reaching 1 million electric motorcycle sales within five years.

PT Bangun Karya Perkasa Jaya Tbk. (KRYA) announced the sale of fixed assets in the form of land and buildings in the Margomulyo Jaya Warehouse Complex Block I-7, Bibis Village, Tandes District, Surabaya City, with a total area of 362 m². The transaction, which occurred on August 6, 2025, was valued at IDR 4.1 billion and involved a third party as the buyer. Management stated that the sale of these assets will generate a profit of approximately IDR 300 million, which will be recorded as other income in the third quarter 2025 financial statements. All proceeds from the sale will be used to support the company's working capital.
Based on the audited financial statements as of December 31, 2024, KRYA's equity value was IDR 106.21 billion. Therefore, this transaction value is equivalent to 3.86% of total equity, and therefore is not classified as a material transaction or affiliated transaction according to OJK regulations.

PT Bangun Karya Perkasa Jaya Tbk (IDX: KRYA) has officially commenced a comprehensive due diligence process as part of the planned acquisition of majority shares from its controlling shareholders, PT Bangun Karya Artha Lestari, Dharmo Budiono, Brigitta Notoamodjo, and Pramana Budiharjo by Rich Step International Ltd. and together with other appointed parties. The institutions involved in the plan to take over control of shares in PT Bangun Karya Perkasa Jaya Tbk are global companies led by Rich Step International Ltd. together with PT Green Power Group Tbk (LABA). The due diligence procedure was formally initiated on July 5, 2025, marked by an official visit from Mr. William Teng, Managing Director of Rich Step International Ltd, and Mr. An Shaohong, President Director of PT Green Power Group Tbk, represented by Mr. William Ong, This visit is an integral part of the overall evaluation process of PT Bangun Karya Perkasa Jaya Tbk., which includes Legal, Tax, and Financial Due Diligence -key steps toward building a long-term strategic partnership between both parties. The planned acquisition will mark a new chapter for PT Bangun Karya Perkasa Jaya Tbk., with the company set to become an operational arm supporting Rich Step International Ltd s core business synergies, particularly in expanding its investment portfolio across strategic sectors including global trade, capital participation in subsidiaries, and the development of Electric Vehicle (EV) businesses. We deeply appreciate the direct commitment of Rich Step International Ltd and PT Green Power Group Tbk throughout this process. Our management team is fully prepared to ensure smooth execution of the due diligence, with all necessary documentation, data access, and personnel in place, said Dharmo Budiono, President Director of PT Bangun Karya Perkasa Jaya Tbk. Dharmo also expressed hope that the process will yield objective and constructive outcomes, paving the way for a transformative collaboration across borders that benefits all stakeholders.