PT Techno9 Indonesia Tbk (NINE) is planning to acquire mining assets in Mongolia following the entry of Poh Group as the company’s controlling and majority shareholder. NINE Director Nuzwan Gufron explained that the acquisition will be carried out entirely through a Rights Issue mechanism, formally known as a Pre-emptive Rights Issue (PMHMETD), without using internal cash reserves or external financing from banks or third parties.

He stated that the company aims to submit the PMHMETD Registration Statement no later than the second quarter of 2026, as disclosed in an official filing with the Indonesia Stock Exchange (IDX) on Wednesday (January 7, 2026).

According to Nuzwan, the injection of Mongolian mining assets into NINE has become Poh Group’s primary focus. Meanwhile, plans to acquire coal mining assets in Indonesia are still under evaluation and have not yet been finalized.

He added that Poh Group will provide further disclosure should there be any progress regarding potential mining acquisitions in Indonesia, in accordance with applicable regulations.

Previously, NINE secured an option right to acquire mining assets in Mongolia for a period of 12 months. These assets are currently owned by Poh Golden Ger Resources Pte Ltd (PGGR), an entity affiliated with the company’s controlling shareholder.

The indicative value of the assets is estimated at around US$100 million, or approximately Rp1.6 trillion, although an independent valuation is still required to determine the final price. PGGR currently operates both open-pit and underground mines, with total assets valued at approximately US$500 million and a workforce of more than 1,000 employees.