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20260102_BABY_Tanggapan atas Permintaan Penjelasan Bursa_32016377_lamp2.pdf
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Tanggapan atas Lampiran Surat Nomor S 14571/BEI.PP3/12-2025
1. Sehubungan dengan rencana Penambahan Modal 1. In relation with the proposed Capital Injection
melalui penerbitan Hak Memesan Efek Terlebih through Rights Issue, please explain:
Dahulu (PMHMETD), agar dijelaskan:
a. Informasi mengenai indikasi rasio. a. Information about the indicative ratio.
Tanggapan : Response:
Perseroan akan menerbitkan sebanyak- The Company will issue up to 238,571,825
banyaknya 238.571.825 saham baru dengan new shares, with an entitlement ratio whereby
rasio setiap pemegang 5.516 saham lama each shareholder holding 5,516 existing shares
Perseroan berhak atas 503 HMETD. of the Company will be entitled to receive 503
pre-emptive rights (HMETD).
b. Rincian perhitungan dalam menentukan harga b. Details calculation in determining the
pelaksanaan HMETD Perseroan. Company’s Rights Issues price.
Tanggapan : Response:
Berdasarkan kesepakatan antara Blooming Based on the agreement between Blooming
Years Pte, Ltd dan Perseroan yang telah Years Pte, Ltd. and the Company as set out in
dicantumkan dalam CSPA, nilai akuisisi the CSPA, the acquisition value of the Target
Perusahaan Target adalah Rp269.989.036.000,- Company is Rp269,989,036,000.
.
Sebagian dari transaksi tersebut akan A portion of the transaction will be settled
diselesaikan melalui mekanisme inbreng through an inbreng mechanism, whereby the
saham Perseroan dengan saham Perusahaan Company will exchange its newly issued
Target milik Blooming Years Pte, Ltd dengan shares for shares of the Target Company
nilai sebesar Rp129.989.036.000,-. owned by Blooming Years Pte, Ltd., with a
value of Rp129,989,036,000.
Mekanisme inbreng akan dilaksanakan melalui The inbreng mechanism will be implemented
proses PMHMETD dengan melakukan through a Pre-emptive Rights Issue
penerbitan sebanyak-banyaknya 238.571.825 (PMHMETD) by issuing up to 238,571,825
saham baru. Dari total nilai penerbitan saham new shares. Out of the total number of new
baru Perseroan, sebanyak 220.320.400 saham shares to be issued by the Company,
akan ditukar (inbreng) dengan sebagian saham 220,320,400 shares will be exchanged
Perusahaan Target yang dimiliki oleh (inbreng) for a portion of the Target Company
Blooming Years Pte. Ltd. shares owned by Blooming Years Pte, Ltd.
Dengan demikian nilai pelaksanaan HMETD Accordingly, the exercise price of the pre-
didapatkan dengan perhitungan sebagai emptive rights is determined based on the
berikut: following calculation:
Inbreng transaction value ÷ number of inbreng
Nilai transaksi inbreng ÷ jumlah saham shares issued by the Company
inbreng Perseroan
= IDR 129,989,036,000 ÷ 220,320,400
= Rp 129.989.036.000 ÷ 220.320.400 = IDR 590 per share.
= Rp 590,-
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c. Estimated amount of funds which will be
c. Perkiraan jumlah dana yang akan diperoleh obtained from PMHMETD.
dari PMHMETD.
Response:
Tanggapan : With the issuance of up to 238,571,825 new
Dengan penerbitan sebanyak-banyaknya shares at an exercise price of IDR 590 per
238.571.825 dengan harga pelaksanaan Rp share, the total proceeds to be obtained from
590,- per lembar saham. Maka jumlah dana the PMHMETD will be up to IDR
yang akan diperoleh dari PMHMETD adalah 140,757,376,750.
sebanyak-banyaknya Rp 140.757.376.750,-
d. Proforma capital structure before and after
d. Proforma struktur permodalan sebelum dan Rights Issue.
sesudah pelaksanaan HMETD.
Response:
Tanggapan : The pro forma capital structure before and
Proforma struktur permodalan sebelum dan after the exercise has been presented in the
sesudah pelaksanaan telah disampaikan pada Appendix of this Company’s response.
bagian Lampiran tanggapan Perseroan ini.
e. Information about standby buyer.
e. Informasi mengenai pembeli siaga.
Response:
Tanggapan : Currently, only Blooming Years Pte, Ltd., as
Saat ini hanya pihak Blooming Years Pte, Ltd the Company’s controlling shareholder, has
selaku pemegang saham pengendali Perseroan committed to subscribe for the portion of the
yang berkomitmen untuk menyerap HMETD pre-emptive rights (HMETD) to which it is
yang menjadi porsinya. Perseroan belum entitled. The Company has not appointed any
menunjuk pembeli siaga untuk menyerap porsi standby purchaser to absorb the public
HMETD milik masyarakat apabila HMETD shareholders’ portion of HMETD should such
milik masyarakat tidak dilaksanakan. Harap HMETD not be exercised by the public
dicatat bahwa jumlah saldo ini hanya shareholders. Please note that the balance
Rp10.767.939.321,- amount is only Rp10,767,939,321,-
f. Information on the detailed calculation of the
dilution effect for the Company’s existing
f. Informasi mengenai rincian perhitungan efek shareholders.
dilusi dari pemegang saham terkini.
Response:
Tanggapan : The dilution calculation for the existing
Rincian perhitungan dilusi dari pemegang shareholders is determined by calculating the
saham terkini didapatkan melalui perhitungan percentage of new shares issued relative to the
persentase jumlah saham baru yang diterbitkan Company’s total issued and fully paid-up
dari total modal ditempatkan dan disetor penuh capital after the PMHMETD:
Perseroan setelah PMHMETD:
= 238,571,825 ÷ 2,854,798,531
= 8.36%
= 238.571.825 ÷ 2.854.798.531
= 8.36% The impact of the implementation of
PMHMETD I on the Company’s shareholders
Dampak pelaksanaan PMHMETD I terhadap who do not exercise the HMETD to which
pemegang saham Perseroan yang tidak they are entitled is a dilution of their
menggunakan HMETD yang diperolehnya shareholding percentage in the Company of up
merupakan dilusi atas persentase kepemilikan to 8.36% (eight point three six percent),
saham dalam Perseroan sebanyak-banyaknya assuming that all HMETD issued by the
sebesar 8,36% (delapan koma tiga enam Company are exercised by the entitled
HMETD holders.
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persen) apabila seluruh HMETD yang
diterbitkan Perseroan dilaksanakan oleh
pemegang HMETD yang berhak. g. Plan on publishing warrant (if any).
g. Rencana atas penerbitan waran (jika ada). Response:
Tanggapan : None
Tidak ada
2. Sehubungan dengan rencana Penambahan Modal 2. In relation with the proposed Capital Injection
melalui Penerbitan Hak Memesan Efek Terlebih through Rights Issue (PMHMETD) to make the in-
Dahulu (PMHMETD) untuk melakukan inbreng kind and shares purchase from PT Emway
dan pembelian saham dari PT Emway Globalindo, Globalindo, please explain:
agar dijelaskan:
a. Informasi detail mengenai inbreng dan a. Detailed information regarding the in-kind
pembelian saham dari PT Emway Globalindo and purchase of shares from PT Emway
yang akan dilakukan Perseroan dengan dana Globalindo which will be carried out by the
hasil perolehan PMHMETD dengan mengisi Company funded by the Rights Issue by
tabel di bawah ini: completing the table below:
Perkiraan Lini Masa / Timeline
Rencana Penggunaan Dana / Penggunaan Dana
Proposed Use of Funds (Dalam Rp) / Q1 2026 Q2 2026 Q3 2026 Q4 2026
Estimation Use
Funds (In Rp)
Inbreng dan pembelian saham dari 129.989.036.000,-. Seluruh
PT Emway Globalindo / In-kind Nilai / Full
and purchase shares of PT Emway amount
Globalindo
Total dana yang digunakan / 129.989.036.000,-. Seluruh
Total of Used Funds Nilai / Full
amount
b. Latar belakang inbreng dan pembelian saham b. Background behind the in-kind and share
dari PT Emway Globalindo. purchase from PT Emway Globalindo.
Tanggapan : Response:
PT Emway Globalindo adalah salah satu PT Emway Globalindo is one of the largest
distributor mainan terbesar di Indonesia dan toys distributor in Indonesia and has
memiliki hak distribusi untuk merek-merek distribution rights for brands like Zuru, Spin
seperti Zuru, Spin Master, Moose, Blokees, Master, Moose, Blokees, Fisher Price, Hot
Fisher Price, Hot Wheels, dan Barbie. PT Wheels and Barbie. PT Emway Gloablindo
Emway Globalindo juga memiliki merek also has owned brand named EMCO. In terms
sendiri bernama EMCO. Dari segi saluran of distribution channels, it is strong in modern
distribusi, perusahaan ini kuat di perdagangan trade and specifically convenience stores. The
modern dan khususnya toko swalayan. majority of end users of EG products falls
Mayoritas pengguna akhir produk EG berada within the age bracket of 4 – 8 years. BABY
dalam kelompok usia 4-8 tahun. BABY, di sisi on the other hand is stronger in retail business
lain, lebih kuat di bisnis ritel untuk produk for fashion, footwear, and home & travel
fesyen, alas kaki, dan perlengkapan rumah & goods. The acquisition helps BABY to get
perjalanan. Akuisisi ini membantu BABY stronger in distribution business as well as in
untuk menjadi lebih kuat dalam bisnis toys category. BABY’s majority of the end
distribusi serta dalam kategori mainan. users falls within the age bracket of 0 – 4
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Mayoritas pengguna akhir BABY berada years. This acquisition helps BABY to increase
dalam kelompok usia 0-4 tahun. Akuisisi ini the customer age bracket.
membantu BABY untuk meningkatkan
kelompok usia pelanggan. c. The value-added gained by the Company
from the in-kind and share purchases from PT
c. Nilai tambah yang diperoleh Perseroan dari Emway Globalindo.
inbreng dan pembelian saham dari PT Emway
Globalindo. Response:
The Company’s decision to acquire shares in
Tanggapan : PT Emway Globalindo is expected to enhance
Keputusan Perseroan untuk membeli saham the Company’s value and performance through
PT Emway Gloablindo akan meningkatkan an increased business scale, stable revenue
nilai dan kinerja Perseroan melalui contribution, a gradual improvement in
peningkatan skala usaha, kontribusi EBITDA, and strengthened cash flow
pendapatan yang stabil, peningkatan EBITDA generation capabilities of the Company and its
secara bertahap, serta penguatan kemampuan business group. In addition to these financial
Perseroan dan kelompok usaha Perseroan impacts, the transaction will also reinforce the
dalam menghasilkan arus kas. Selain dampak Company’s strategic positioning through the
finansial tersebut, transaksi ini juga expansion of its distribution network,
memperkuat posisi strategis Perseroan melalui enhancement of merchandising and sourcing
perluasan jaringan distribusi, peningkatan capabilities, and the creation of operational and
kapabilitas merchandising dan sourcing, serta commercial synergies across all entities within
penciptaan sinergi operasional dan komersial the Company’s business group.
di seluruh entitas dalam kelompok usaha
Perseroan. d. Plans for opening or replacing business
activities due to the purchase of shares from
PT Emway Globalindo.
d. Rencana pembukaan atau penggantian
kegiatan usaha atas pembelian saham dari PT Response:
Emway Globalindo. No plan as of now, as both businesses are
complementary to each other.
Tanggapan :
Belum ada rencana saat ini, karena kedua e. Characteristic of Company’s relationship with
bisnis tersebut saling melengkapi. PT Emway Globalindo.
e. Sifat hubungan afiliasi Perseroan dengan PT Response:
Emway Globalindo. Both the Company and PT Emway Globalindo
are controlled by Blooming Years Pte. Ltd. as
Tanggapan : the controlling shareholder. In addition, there
Perseroan dan PT Emway Globalindo sama- are similarities between members of the Board
sama dikendalikan oleh Blooming Years Pte. of Directors and Board of Commissioners who
Ltd. selaku pemegang saham pengendali. serve in the Company and PT Emway
Selain itu, terdapat kesamaan atas beberapa Globalindo, namely Niraj Jain, Hasan
anggota Direksi dan Dewan Komisaris yang Alshuwaikh and Manoj Bharwani.
menjabat di Perseroan dan PT Emway
Globalindo yaitu Niraj Jain, Hasan Alshuwaikh 3. To provide interim financial report that has been
dan Manoj Bharwani. audited by accountant.
3. Agar disampaikan laporan keuangan interim yang Response:
telah diaudit akuntan. The audited interim financial report will be
provided along with this response
Tanggapan:
Laporan keuangan interim yang telah diaudit oleh
akuntan akan disampaikan bersamaan dengan 4. To explain about finance restrictions as well as other
tanggapan ini restrictions from creditors or shareholders or
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contract agreement with a binding nature that may
4. Agar dijelaskan mengenai pembatasan keuangan hinder the Company’s proposed PMHMETD (if
serta pembatasan lainnya dari kreditur atau any).
pemegang saham atau kontrak perjanjian yang
bersifat mengikat yang dapat menghambat rencana
Perseroan untuk melaksanakan PMHMETD (jika Response: The company has a working capital
ada). facility from PT Bank Mandiri. As of 31 Dec 2025,
there is zero utilization of this facility from PT
Tanggapan : Perusahaan memiliki fasilitas modal Bank Mandiri and the facility expires on 31 March
kerja dari PT Bank Mandiri. Per tanggal 31 2026. The Company is required to obtain approval
Desember 2025, fasilitas ini belum digunakan sama from PT Bank Mandiri as the creditor of the
sekali dari PT Bank Mandiri dan fasilitas tersebut Company in order to proceed with PMHMETD
akan berakhir pada tanggal 31 Maret 2026. and the acquisition of PT Emway Globalindo and
Perusahaan diharuskan untuk mendapatkan has submitted a request to such an approval to PT
persetujuan dari PT Bank Mandiri sebagai kreditur Bank Mandiri Tbk pursuant to the Company's
Perusahaan untuk melanjutkan PMHMETD dan Letter dated 14 November 2025 and is confident to
akuisisi PT Emway Globalindo dan telah get the approval before time to the Extraordinary
mengajukan permohonan persetujuan tersebut General Meeting fo Shareholders.
kepada PT Bank Mandiri Tbk sesuai dengan Surat
Perusahaan tertanggal 14 November 2025 dan
yakin akan mendapatkan persetujuan tersebut 5. Information about the Company’s plan to issue
sebelum Rapat Umum Pemegang Saham Luar shares and/or other equity securities within 12
Biasa. months after effective date (if any)
5. Informasi tentang rencana Perseroan untuk
mengeluarkan saham dan/atau Efek Bersifat Response: None
Ekuitas lainnya dalam waktu 12 bulan setelah
tanggal efektif (jika ada). 6. Explanation on other important information/events
important other which are material that will be done
Tanggapan : Tidak ada by the Company in the future and can affect the
Company's survival and share price.
6. Penjelasan mengenai informasi/kejadian penting
lainnya yang material yang akan dilakukan
Perseroan pada masa yang datang dan dapat Response: None
mempengaruhi kelangsungan hidup Perseroan
serta dapat mempengaruhi harga saham Perseroan.
Tanggapan : Tidak ada
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LAMPIRAN / ATTACHMENT
Struktur permodalan dan susunan pemegang saham Perseroan sebelum PMHMETD I dan setelah PMHMETD I dengan asumsi seluruh
Pemegang Saham melaksanakan haknya untuk membeli Saham Baru:
The Company’s capital structure and shareholding composition prior to PMHMETD I and following PMHMETD I, assuming that all
shareholders exercise their rights to subscribe for the New Shares, are as follows:
Nilai Nominal Rp25,- per Saham
Uraian dan Keterangan Sebelum Penawaran Umum Perdana Saham Setelah Pelaksanaan PMHMETD I
Jumlah Nilai Nominal Jumlah Nilai Nominal
Jumlah Saham % Jumlah Saham %
(dalam Rupiah) (dalam Rupiah)
Modal Dasar 10.000.000.000 250.000.000.000 10.000.000.000 250.000.000.000
Modal Ditempatkan dan Disetor Penuh
a. BY 2.416.077.906 60.401.947.650 92,35 2.636.398.306 65.909.957.650 92,35
b. Masyarakat di bawah 5% 200.148.800 5.003.720.000 7,65 218.400.225 5.460.005.625 7,65
Jumlah Modal Ditempatkan dan Disetor Penuh 2.616.226.706 65.405.667.650 100,00 2.854.798.531 71.369.963.275 100,00
Saham dalam Portepel 7.383.773.294 184.594.332.350 7.145.201.469 178.630.036.725
Struktur permodalan dan susunan pemegang saham Perseroan sebelum PMHMETD I dan setelah PMHMETD I dengan asumsi hanya BY
selaku Pemegang Saham Utama yang melaksanakan haknya untuk membeli Saham Baru:
The Company’s capital structure and shareholding composition prior to PMHMETD I and following PMHMETD I, assuming that only
BY, as the Company’s Main Shareholder, exercises its rights to subscribe for the New Shares, are as follows:
Nilai Nominal Rp25,- per Saham
Uraian dan Keterangan Sebelum Penawaran Umum Perdana Saham Setelah Pelaksanaan PMHMETD I
Jumlah Nilai Nominal Jumlah Nilai Nominal
Jumlah Saham % Jumlah Saham %
(dalam Rupiah) (dalam Rupiah)
Modal Dasar 10.000.000.000 250.000.000.000 10.000.000.000 250.000.000.000
Modal Ditempatkan dan Disetor Penuh
a. BY 2.416.077.906 60.401.947.650 92,35 2.636.398.306 65.909.957.650 92,94
b. Masyarakat di bawah 5% 200.148.800 5.003.720.000 7,65 200.148.800 5.003.720.000 7,06
Jumlah Modal Ditempatkan dan Disetor Penuh 2.616.226.706 65.405.667.650 100,00 2.836.547.106 70.913.677.650 100,00
Saham dalam Portepel 7.383.773.294 184.594.332.350 7.163.452.894 179.086.322.350
Names mentioned 12 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Target Company Blooming Years Pte. Ltd.
p.1
unresolved
org
PT Emway
p.3 ×3
unresolved
org
PT Emway Globalindo
p.3 ×15
unresolved
org
PT Emway Globalindo. Tanggapan
p.3
unresolved
org
PT Emway Gloablindo Emway Globalindo
p.3
unresolved
org
PT Emway Gloablindo
p.4
unresolved
org
PT Emway Selain
p.4
unresolved
org
PT Bank Mandiri. As
p.5
unresolved
org
PT Bank Mandiri. Per
p.5
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