Jakarta - Digital Edge(Hong Kong) Limited will conduct a mandatory tender offer for shares owned by entitled shareholders with a maximum of 31.92 million shares of PT Indointernet Tbk (EDGE) or approximately 7.9% of the issued capital.

According to the brief prospectus released on Wednesday (25/8), the offering price is Rp12,927 per share. As a result, the necessary tender offer was worth Rp412.62 billion.

The new controller's parties involved in the takeover transaction are Otto Toto Sugiri, Han Arming Hanafia, Bing Moniaga, Marina Budiman, and Sanjaya, who possess 133.336 million shares, or 33% of the total issued and fully paid capital of a company.

On June 8, 2021, Digital Edge signed a conditional sale and purchase agreement with the seller to acquire 189.90 million shares or 47% of Indointernet's issued and fully paid capital.

On June 11, 2021, the sale and purchase transaction was completed via crossing on the IDX nego