Jakarta - The controlling shareholders of PT Trimegah Sekuritas Indonesia Tbk (TRIM) Advante Wealth Finance Ltd (AWF) and Giribaldi Thohir signed a conditional sale and purchase agreement (CSPA) of 2.462 billion shares on December 22, 2021.

The number of shares is equivalent to 34.64% of AWF's shares of all shares issued by the company.

"If this plan is finalized, it will result in a change in control of the company, and the new controlling candidate will carry out a mandatory tender offer," said TRIM President Director Stephanus Turangan in information disclosure on Friday (23/12).

Completing the takeover plan will be subject to the fulfillment of the terms and conditions of the CSPA, namely the results of the fit and proper test as the company's controller has been approved by the OJK.

"The takeover plan is still in progress. So far, there has been no impact on the company," he said.