Jakarta - PT Merdeka Copper Gold Tbk (MDKA) transferred 1.447 million shares of PT Batutua Pelita Investama (BPI) to
Merdeka Battery Materials (MBM). 

Based on the disclosure of information on Wednesday (1/18), the value of the sale and purchase transaction for BPI shares reached Rp1.245 trillion.

Thus, MBM has effectively become a shareholder of BPI, with ownership of 99.99% of all issued and paid-up capital from BPI.

With the implementation of the transaction, it is expected that BPI, as part of the MBM group, can carry out its business activities efficiently and effectively to provide added value to MBM through its subsidiaries.

Meanwhile, the results of the analysis of business considerations by the company's management regarding the transaction are to integrate BPI's business under MBM, focusing on nickel and copper mining and processing.

MBM is an MDKA-controlled company whose shares are indirectly owned thr