Thai Presence in Chandra Daya (CDIA), the IPO-Bound Firm Backed by Prajogo Pangestu

Thai Presence in Chandra Daya (CDIA), the IPO-Bound Firm Backed by Prajogo Pangestu

CDIA prepares for IPO to raise up to IDR 2.37 trillion, with Thailand’s EGCO acquiring a 30% ownership stake.

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Minggu, 22 Juni 2025 | 18:31

Bisnis.com, JAKARTA — PT Chandra Daya Investasi (CDIA), a subsidiary of PT Chandra Asri Pacific (TPIA), is currently in the bookbuilding process for its initial public offering (IPO). Phoenix Power, a subsidiary of a Thai-based company, has also become one of the shareholders in this Prajogo Pangestu-owned enterprise.

According to the prospectus published in Bisnis Indonesia Daily on Thursday (19/6), CDIA will issue up to 12.48 billion regular shares with a nominal value of IDR 100 per share in its IPO.

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