Resources Global trims PT Singaraja Putra stake, books c.S$2.8m gain on S$3.9m share sale for working capital
Summary:
-
Resources Global Development’s wholly owned unit Batubara Development has sold 3.5 million PT Singaraja Putra Tbk shares (about 0.73% stake) via open‑market trades on 9, 13 and 14 January 2026 at a VWAP of IDR 14,516 (~S$1.11) per share.
-
The sale reduces BBD’s interest in PT SINI from 16.22% (78.03 million shares) to 15.49% (74.53 million shares), keeping it as a significant but non‑controlling shareholder.
-
Gross proceeds of about IDR 50.8 billion (~S$3.9 million) exceed the HY2025 fair value of the disposed block (c.S$1.1 million), giving rise to an estimated disposal gain of roughly S$2.8 million over fair value.
-
Management plans to use the net proceeds (after c.S$8,000 expenses) for general working capital, including bank deposits, money‑market instruments or other short‑term deployments pending longer‑term allocation.
-
On Catalist Rule 1006 metrics, the aggregated disposals over 12 months represent about 12.71% of group NAV and 9.15% of market cap, classifying the latest sale as a disclosable transaction that does not require shareholder approval and is modestly accretive to NTA and EPS on an illustrative FY2024 basis.