KRYA Divests Rp4.1 Billion in Surabaya Warehouse Assets to Strengthen Working Capital
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 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.
KRYA Successfully Holds 2025 AGM and Public Expose
Surabaya, May 28, 2025
PT Bangun Karya Perkasa Jaya Tbk today successfully held the 2025 Annual General Meeting of Shareholders (AGMS) and Public Expose, which was held at 08.30 WIB at Harris Hotel & Convention, Bundaran Satelit, Jalan HR. Muhammad No.2A, Surabaya.
This AGMS discussed and ratified a number of important agendas, namely:
Approval of the Company's Annual Report and Annual Financial Report, as a form of management accountability for performance during the 2024 financial year;
Approval of the use of net profit, which reflects the company's commitment to providing added value to shareholders;
Approval of the appointment of a Public Accountant and/or Public Accounting Firm for the audit of the current financial year;
Determination of honorarium for the Board of Commissioners and Directors, in line with the principles of healthy corporate governance.
The United States held an AGM, KRYA management held a Public Expose 2025. In this session, the company conveyed its performance achievements during 2024 and explained its future strategic plans, including developing a business portfolio and strengthening digital capabilities. The Public Expose also serves as an open communication forum between management and investors and the public.
"We are committed to continuing to improve transparency, corporate governance, and shareholder value. This AGM and Public Expose are important moments to convey our accountability while sharing the company's future direction
PT Bangun Karya Perkasa Jaya Tbk is grateful for the trust and support given by all shareholders and stakeholders in maintaining business continuity and long-term growth.
