00:00TBS Energi Utama Tbk Miten
00:05TBS Energi Utama Tbk Miten, Toba,
00:09sells 90% of its business entities in the coal mining sector.
00:14The release of the company has received approval
00:17from the owner of Toba,
00:19at the General Meeting of Independent Owners,
00:21which was held on November 14, 2024.
00:25TBS Energi Utama Tbk Miten
00:28TBS Energi Utama Tbk Miten, Toba,
00:32sells 90% of its business entities
00:35in the coal mining sector.
00:38Toba did not immediately release
00:40PT Toba Bara Energi or TBAE,
00:43a subsidiary of PT Minahasa Cahaya Lestari or NMCL,
00:47to PT Kalibir Sulawesi Abadi or KSA.
00:52KSA is a company affiliated with Hilmi Panigoro
00:56and Deni Setiawan who bought two PTLU assets from Toba.
01:00TBS Energi Utama Director Alvin Firman Sunanda
01:04in a BAI information briefing on March 7, 2025,
01:08stated that the MCL transaction has been completed
01:11based on a share transfer agreement
01:14dated March 5, 2025,
01:17which has been signed by TBAE as the seller
01:20and KSA as the buyer.
01:23The release of the business entity
01:25has received approval from Toba Stockholders
01:28at the Independent Stockholders Meeting
01:31held on November 14, 2024.
01:35Toba's management ensured that
01:37this share transfer transaction had no negative impact
01:40on operational activities,
01:42legal, financial conditions,
01:44or direct business.
01:47Toba's share on March 10, 2025
01:50was opened at the level of Rp 358 per share.
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