Change of Controller and Management PT Bangun Karya Perkasa Jaya Tbk (KRYA)
The Company announced that from July 7, 2025, to August 26, 2025, it conducted a due diligence process leading up to the Extraordinary General Meeting of Shareholders as part of the acquisition, planned change of control, and management restructuring of PT Bangun Karya Perkasa Jaya Tbk (KRYA).
The due diligence process was comprehensive, covering the legal, financial, and operational aspects of the Company. The purpose of this due diligence is to ensure compliance with the provisions of the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX), as well as to assess the Company's readiness to implement the change of control.
As a follow-up to the results of this due diligence, the Company held an Extraordinary General Meeting of Shareholders (EGMS) on Tuesday, August 26, 2025, at The Ritz-Carlton, Pacific Place Jakarta, and through the eASY.KSEI electronic system. The meeting was attended by shareholders representing 1,193,170,052 shares, equivalent to 71.71% of the total shares with valid voting rights, and all meeting agenda items were unanimously approved without objection or abstention.
I. Composition of the Board of Commissioners and Directors Prior to the Change
Board of Commissioners:
- President Commissioner : Pramana Budihardjo
- Independent Commissioner : Budi Herlambang
Board of Directors:
- President Director : Dharmo Budiono
- Director : Brigitta Notoatmodjo
Board of Directors:
- President Director : Dharmo Budiono
- Director : Brigitta Notoatmodjo
II. Resolutions of the EGMS and the New Composition of the Board of Commissioners and Directors
Through the EGMS, the shareholders approved the honorable dismissal of all members of the previous Board of Commissioners and Directors, and granted them full release and discharge (acquit et de charge) for the performance of their duties during their terms of office. Furthermore, the Meeting decided to appoint the following new management of the Company:
Board of Commissioners (term of office 2025–2030):
- President Commissioner : An Shaohong
- Independent Commissioner : William Ong
Board of Directors (term of office 2025–2030):
- President Director : William Teng
- Director : Brigitta Notoatmodjo
This decision was set forth in Notarial Deeds Numbers 98 and 99 dated August 26, 2025, drawn up by Notary Elizabeth Karina Leonita, S.H., M.Kn., a Notary in South Jakarta. Currently, the process of notifying the Company of changes to its data to the Ministry of Law and Human Rights of the Republic of Indonesia is being finalized.
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KRYA's capital investment in PT Green City Traffic ("GCT")
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 Initiates Due Diligence, Ahead of Potential Acquisition by Global Companies Led by Rich Step International Ltd
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.
