News

Surabaya, September 1, 2025 – PT Bangun Karya Perkasa Jaya Tbk (the “Company”) today announced that it has completed a sale transaction for fixed assets in the form of land and warehouse buildings located in the Margomulyo Jaya Warehouse Complex Block H-21, Surabaya. The 388 m² warehouse was sold to a third party for a transaction value of IDR 4.39 billion. The Company noted that this transaction provides a potential sales gain of around IDR 400 million which will be included as other income in the third quarter 2025 financial report. The proceeds from the sale will be used to strengthen the Company’s working capital. The Director of PT Bangun Karya Perkasa Jaya Tbk, Brigitta Notoatmodjo, stated that this transaction is not an affiliated transaction or a material transaction as regulated in POJK No. 42/POJK.04/2020 and POJK No. 17/POJK.04/2020. This step is expected to increase asset efficiency while strengthening the Company’s financial position going forward.

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.