PT Autum Prima Indonesia and PT Basis Energi Prima dan Batubara Development Pte. Ltd. made an offer to acquire 24.59% of stake in PT Singaraja Putra Tbk (IDX:SINI) for IDR 37.4 billion on January 25, 2023. The Mandatory Tender Offer cannot be canceled after its announcement unless approved by the Financial Services Authority.

The tender offer will commence on January 26, 2023 and end on February 24, 2023. PT Panca Global Sekuritas acted as financial advisor and PT Adimitra Jasa Korpora acted as registrar to PT Singaraja Putra.