PT Chandra Asri Pacific Tbk. (TPIA), a company affiliated with Indonesian conglomerate Prajogo Pangestu, has increased its public shareholding portion (free float), bringing Chandra Asri Group’s free float to approximately 25.7%. This increase was carried out through a shareholding rebalancing transaction by one of the Company’s long-term shareholders, SCG Chemicals Public Company Limited (SCGC).

Chandra Asri Group President Director and CEO, Erwin Ciputra, stated that the higher free float proportion not only supports compliance with capital market regulatory requirements but also enhances the Company’s stock liquidity, increases its attractiveness to investors, and contributes to long-term value creation for shareholders.

In an official statement released on Monday (June 8, 2026), he explained that the increase is expected to improve trading liquidity and broaden investment access for both domestic and international investors.

Erwin further noted that the transaction forms part of SCGC’s capital allocation strategy, including efforts to strengthen its capital structure and reallocate resources to support the development of its core businesses and strategic growth initiatives.

Following the completion of the transaction, SCGC continues to hold approximately 15.71% of Chandra Asri Group’s shares and remains one of the Company’s key long-term strategic shareholders.

He added that SCGC has been a long-term shareholder and strategic partner that has made significant contributions to Chandra Asri Group’s growth journey. According to him, the transaction reflects SCGC’s capital allocation priorities and does not alter the Company’s strategic direction, corporate governance framework, or commitment to delivering sustainable growth.

Management also emphasized that the transaction does not result in any material changes to the Company’s control structure, governance framework, management composition, or operational activities.

Furthermore, the Company reaffirmed its commitment to executing its transformation and rejuvenation agenda while continuing to strengthen its portfolio across the energy, chemicals, and infrastructure sectors throughout Southeast Asia.

After the transaction, Chandra Asri Group’s three principal strategic shareholders—PT Barito Pacific Tbk, SCG Chemicals Public Company Limited (SCGC), and Thaioil Public Company Limited—collectively continue to own approximately 74.3% of the Company’s outstanding shares.