🟢 Singaraja Putra is trading 6.68% up today amid CUAN control negotiations

Singaraja Putra is trading IDR 13,975, 6.68% up after renewed attention on Petrindo Jaya Kreasi’s negotiations to take control.

• CUAN already holds a 27.78% direct or indirect stake; discussions cover the transaction mechanism, price, and completion timing.
• If completed, the deal could make CUAN the controlling shareholder and trigger a mandatory tender offer under Indonesian takeover rules.
• The move is company-specific, with investors focused on definitive agreements and regulatory steps.