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20260702_MLPL_Informasi Transaksi Afiliasi_32107905_lamp2.pdf
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DISCLOSURE OF INFORMATION TO SHAREHOLDERS
PT MULTIPOLAR TBK
IN CONNECTION WITH AN AFFILIATED TRANSACTION
(“INFORMATION DISCLOSURE”)
THE INFORMATION CONTAINED IN THIS INFORMATION DISCLOSURE IS IMPORTANT AND
REQUIRES THE ATTENTION OF THE SHAREHOLDERS OF PT MULTIPOLAR TBK.
THIS INFORMATION DISCLOSURE IS PREPARED IN CONNECTION WITH THE
TRANSACTION (AS DEFINED HEREINAFTER) IN ORDER TO COMPLY WITH POJK NO. 42/2020
(AS DEFINED HEREINAFTER).
IF YOU EXPERIENCE DIFFICULTIES IN UNDERSTANDING THE INFORMATION
CONTAINED IN THIS INFORMATION DISCLOSURE OR ARE IN DOUBT IN MAKING A DECISION,
YOU ARE ADVISED TO CONSULT WITH A SECURITIES BROKER, INVESTMENT MANAGER,
LEGAL COUNSEL, PUBLIC ACCOUNTANT, OR OTHER PROFESSIONAL ADVISOR.
PT Multipolar Tbk
Business Activities:
A holding company that conducts its business activities through its Subsidiaries, including in the fields of
telecommunications services, informatics industry, general trade including import, export, interisland, local and
retail trade, property/real estate development and management services, leasing of spaces
within buildings, and investment.
Domiciled in Tangerang, Indonesia
Head Office:
Menara Matahari Lantai 20-21
Jalan Boulevard Palem Raya No.7
Lippo Karawaci 1100
Tangerang 15811, Indonesia
Telephone: (021) 546-8888
Facsimile: (021) 547-5147
Website: www.mpc.id
Email: corsec@mpc.id
This Information Disclosure was issued on 2 July 2026
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DEFINITIONS AND ABBREVIATIONS
Unless otherwise stated in this Information Disclosure, terms and expressions using capital letters used
in this Information Disclosure shall have the following meanings:
Affiliate : Means as defined in Article 1 paragraph 1 of POJK No.
42/2020.
Conflict of Interest : Means as defined in Article 1 paragraph 4 of POJK No.
42/2020.
BS : PT Balaraja Sentosa.
CCP : PT Citra Cito Perkasa.
KJPP : Kantor Jasa Penilai Publik (Public Appraisal Services
Office).
Appraisal Report : Appraisal report issued by the KJPP as referred to in the
Introduction section of this Information Disclosure.
Minister of Law : Minister of Law or Minister of Law and Human Rights of the
Republic of Indonesia.
MPPA : PT Matahari Putra Prima Tbk.
NMI : PT Nusa Malioboro Indah.
OJK : Otoritas Jasa Keuangan (Financial Services Authority of
Indonesia).
Company : PT Multipolar Tbk.
PMU : PT Panca Megah Utama.
POJK No. 42/2020 : OJK Regulation No. 42/POJK.04/2020 concerning Affiliated
Transactions and Transactions with Conflict of Interest.
SAL : PT Surya Asri Lestari.
Transaction Affiliated : Means a transaction as defined in Article 1 paragraph 3
POJK No. 42/2020.
Conflict of Interest Transaction : Means a transaction as defined in Article 1 paragraph 5
POJK No. 42/2020.
INTRODUCTION
The information contained in this Information Disclosure is prepared in the context of fulfilling the
Company's obligations regarding Affiliated Transactions as stipulated in POJK No. 42/2020, in
connection with the execution of: (a) Deed of Sale and Purchase Binding Agreement No. 184 dated 30
June 2026, by and between BS and MPPA; (b) Deed of Sale and Purchase Binding Agreement No.
185 dated 30 June 2026, by and between CCP and MPPA; (c) Deed of Sale and Purchase Binding
Agreement No. 186 dated 30 June 2026, by and between SAL and MPPA; (d) Deed of Sale and
Purchase Binding Agreement No. 187 dated 30 June 2026, by and between SAL and MPPA; (e) Deed
of Sale and Purchase Binding Agreement No. 188 dated 30 June 2026, by and between PMU and
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MPPA; and (f) Deed of Sale and Purchase Binding Agreement No. 189 dated 30 June 2026, by and
between NMI and MPPA, all of which were executed before Sriwi Bawana Nawaksari, S.H., M.Kn., a
Notary in Tangerang Regency, whereby such agreements are final and legally binding and give rise to
rights and obligations for the respective parties thereto, in relation to the purchase of land and/or
buildings, with the Company's subsidiaries, namely BS, CCP, SAL, PMU and NMI, acting as the Sellers,
and the Company's Affiliate, namely MPPA, acting as the Purchaser (the "Transaction").
BRIEF DESCRIPTION OF THE TRANSACTION
1. BRIEF DESCRIPTION OF THE TRANSACTION
The details of the settlement of the purchase of land and/or buildings from the Company’s
Affiliates are as follows:
Date of Seller
No. Object of Transaction Value (IDR)
Transaction Party
1. 30 June 2026 CCP SHMSRS No. 00043 with an area of 181.049.000.000
8.312,33 m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
2. 30 June 2026 CCP SHMSRS No. 00044 with an area of 15,46 337.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
3. 30 June 2026 CCP SHMSRS No. 00294 with an area of 70.563.000.000
3.239,69 m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
4. 30 June 2026 CCP SHMSRS No. 00295 with an area of 18,30 399.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
5. 30 June 2026 CCP SHMSRS No. 00296 with an area of 11,82 258.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
6. 30 June 2026 CCP SHMSRS No. 00297 with an area of 24,25 528.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
7. 30 June 2026 CCP SHMSRS No. 00298 with an area of 51,80 1.128.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
8. 30 June 2026 CCP SHMSRS No. 00299 with an area of 5.262.000.000
241,58 m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
9. 30 June 2026 CCP SHMSRS No. 00300 with an area of 95,37 2.077.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
10. 30 June 2026 CCP SHMSRS No. 00956 with an area of 80.510.000.000
3.696,39 m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
11. 30 June 2026 CCP SHMSRS No. 00957 with an area of 15,78 344.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
12. 30 June 2026 CCP SHMSRS No. 00958 with an area of 10,73 234.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
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Date of Seller
No. Object of Transaction Value (IDR)
Transaction Party
13. 30 June 2026 CCP SHMSRS No. 00959 with an area of 63,83 1.390.000.000
m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
14. 30 June 2026 CCP SHMSRS No. 01495 with an area of 3.407.000.000
156,42 m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
15. 30 June 2026 CCP SHMSRS No. 01496 with an area of 4.014.000.000
184,31 m2 located in Kelurahan Dukuh
Menanggal, Kecamatan Gayungan, Kota
Surabaya, Provinsi Jawa Timur
16. 30 June 2026 PMU SHGB Nomor Identifikasi Bidang Tanah 126.495.000.000
12.09.000036181.0 ex No. 22, with an
area of 6.305 m2 located in Kelurahan
Sidomoro, Kecamatan Kebomas,
Kabupaten Gresik, Provinsi Jawa Timur
17. 30 June 2026 PMU SHGB Nomor Identifikasi Bidang Tanah 8.005.000.000
12.09.000036131.0 ex No. 42, with an
area of 399 m2 located in Kelurahan
Sidomoro, Kecamatan Kebomas,
Kabupaten Gresik, Provinsi Jawa Timur
18. 30 June 2026 NMI SHGB No. 415, with an area of 607 m2 24.895.000.000
located in Kelurahan Sosromenduran,
Kecamatan Gedongtengen, Kota
Yogyakarta, Provinsi Daerah Istimewa
Yogyakarta
19. 30 June 2026 NMI SHGB No. B.175/Smd., with an area of 40.111.000.000
978 m2 located in Kelurahan
Sosromenduran, Kecamatan
Gedongtengen, Kota Yogyakarta,
Provinsi Daerah Istimewa Yogyakarta
20. 30 June 2026 NMI SHGB No. B.176/Smd., with an area of 49 2.010.000.000
m2 located in Kelurahan Sosromenduran,
Kecamatan Gedongtengen, Kota
Yogyakarta, Provinsi Daerah Istimewa
Yogyakarta
21. 30 June 2026 NMI SHGB No. B.177/Smd., with an area of 8 328.000.000
m2 located in Kelurahan Sosromenduran,
Kecamatan Gedongtengen, Kota
Yogyakarta, Provinsi Daerah Istimewa
Yogyakarta
22. 30 June 2026 NMI SHGB No. B.178/Smd., with an area of 16 656.000.000
m2 located in Kelurahan Sosromenduran,
Kecamatan Gedongtengen, Kota
Yogyakarta, Provinsi Daerah Istimewa
Yogyakarta
23. 30 June 2026 SAL SHGB No. 1208, with an area of 57 m2 869.000.000
located in Desa Kedung Badak,
Kecamatan Tanah Sareal, Kota Bogor,
Provinsi Jawa Barat
24. 30 June 2026 SAL SHGB No. 1370, with an area of 7.944 m2 121.131.000.000
located in Desa Kedung Badak,
Kecamatan Tanah Sareal, Kota Bogor,
Provinsi Jawa Barat
25. 30 June 2026 SAL SHGB Nomor Identifikasi Bidang Tanah 1.782.000.000
10.09.000003586.0 ex No. 388, with an
area of 74 m2 located in Kelurahan
Paledang, Kecamatan Bogor Tengah,
Kota Bogor, Provinsi Jawa Barat
26. 30 June 2026 SAL SHGB Nomor Identifikasi Bidang Tanah 3.298.000.000
10.09.000002590.0 ex No. 389, with an
area of 137 m2 located in Kelurahan
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Date of Seller
No. Object of Transaction Value (IDR)
Transaction Party
Paledang, Kecamatan Bogor Tengah,
Kota Bogor, Provinsi Jawa Barat
27. 30 June 2026 SAL SHGB Nomor Identifikasi Bidang Tanah 22.029.000.000
10.09.000002794.0 ex No. 390, with an
area of 915 m2 located in Kelurahan
Paledang, Kecamatan Bogor Tengah,
Kota Bogor, Provinsi Jawa Barat
28. 30 June 2026 SAL SHGB Nomor Identifikasi Bidang Tanah 22.391.000.000
10.09.000003183.0 ex No. 391, with an
area of 930 m2 located in Kelurahan
Paledang, Kecamatan Bogor Tengah,
Kota Bogor, Provinsi Jawa Barat
29. 30 June 2026 BS SHGB Nomor Identifikasi Bidang Tanah 50.448.000.000
28.04.000133500.0 ex No. 08, with an
area of 35.331 m2 located in Kelurahan
Sukamurni, Kecamatan Balaraja,
Kabupaten Tangerang, Provinsi Banten
30. 30 June 2026 BS SHGB Nomor Identifikasi Bidang Tanah 3.734.000.000
28.04.000121027.0 ex No. 09, with an
area of 2.615 m2 located in Kelurahan
Sukamurni, Kecamatan Balaraja,
Kabupaten Tangerang, Provinsi Banten
31. 30 June 2026 BS SHGB Nomor Identifikasi Bidang Tanah 318.000.000
28.04.000121029.0 ex No. 459, with an
area of 223 m2 located in Kelurahan
Tobat, Kecamatan Balaraja, Kabupaten
Tangerang, Provinsi Banten
2. INFORMATION ON THE PARTIES TO THE TRANSACTION
Seller Parties
a. CCP
a.i. Brief History
CCP, domiciled in Kelapa Dua - Tangerang Regency, is a limited liability company
established under the laws of the Republic of Indonesia. CCP was established based on
Deed of Establishment No. 14 dated September 23, 2010, made before Nurlani Yusup,
S.H., M.Kn., Notary in Tangerang Regency, which obtained approval from the Minister of
Law and Human Rights based on Minister of Law and Human Rights Decree No. AHU-
46687.AH.01.01.Tahun 2010 dated October 4, 2010, and was registered in the Company
Register No. AHU-0071661.AH.01.09.Tahun 2010 dated October 4, 2010 ("CCP Deed of
Establishment").
The articles of association of CCP as contained in the CCP Deed of Establishment have
been amended several times, most recently amended by Deed of Statement of
Resolutions of CCP Shareholders No. 10 dated January 19, 2026, made before Nurlani
Yusup, S.H., M.Kn., Notary in Tangerang, which was notified to and received by the
Minister of Law based on Receipt of Notification of Amendments to Articles of Association
No. AHU-AH.01.03-0037689 dated February 11, 2026, whereby the shareholders of CCP
approved amendments to the provisions of Articles 5 to 15 and Articles 17 to 19 ("CCP
Deed No. 10/2026").
Furthermore, the CCP Deed of Establishment along with all its amendments including CCP
Deed No. 10/2026 shall be referred to as the "CCP Articles of Association".
a.ii. Capital Structure and Shareholders
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Based on Deed of Statement of Resolutions of CCP Shareholders No. 05 dated November
9, 2022, made before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang Regency, which
obtained approval from the Minister of Law and Human Rights based on Decree No. AHU-
AH.01.03-0315971 dated November 22, 2022, and was registered in the Company
Register No. AHU-0233916.AH.01.11.Tahun 2022 dated November 22, 2022 ("CCP Deed
No. 05/2022"), the capital structure and shareholders of CCP are as follows:
Nominal Value IDR 650.000,- / share
Description Total Nominal (%)
Number of Shares
Value (IDR)
Authorized Capital 108.000 70.200.000.000
Issued and Fully Paid
Capital:
1. PT Matahari Pacific 84.990 55.243.500.000 99,98
2. PT Mentari Sinar Persada 10 6.500.000 0,02
Total Issued and Fully Paid 85.000 55.250.000.000 100,00
Capital
Treasury Shares 23.000 14.950.000.000 -
a.iii. Board of Directors and Board of Commissioners
Based on Deed of Affirmation of Statement of Resolutions of CCP Shareholders No. 01
dated March 5, 2026, made before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, which was notified to and received by the Minister of Law based on Receipt of
Notification of Changes to Company Data No. AHU-AH.01.09-0136205 dated March 6,
2026, and was registered in the Company Register No. AHU-0056438.AH.01.11.Tahun
2026 dated March 6, 2026 ("CCP Deed No. 01/2026"), the composition of the Board of
Directors and Board of Commissioners of CCP is as follows:
Board of Directors
President Director : Merry Maryati
Director : Chrysologus RN Sinulingga
Board of
Commissioners
Commissioner : Agus Arismunandar
a.iv. Business Activities of CCP
Based on the CCP Articles of Association, the purpose and objectives of CCP are to
engage in the fields of real estate, information and communication, finance leasing without
option rights, professional, scientific and technical activities, education, transportation,
wholesale and retail trade, arts, entertainment and recreation, and financial and insurance
activities.
The business activities currently carried out by CCP are in the field of real estate.
b. PMU
b.i. Brief History
PMU, domiciled in Kelapa Dua - Tangerang, is a limited liability company established
under the laws of the Republic of Indonesia. PMU was established pursuant to Deed of
Establishment No. 17 dated 23 September 2010, drawn up before Nurlani Yusup, S.H.,
M.Kn., Notary in Tangerang Regency, which obtained approval from the Minister of Law
and Human Rights pursuant to Decree No. AHU-47198.AH.01.01.Tahun 2010 dated 6
October 2010 and was registered in the Company Register No. AHU-
0072408.AH.01.09.Tahun 2010 dated 6 October 2010 ("PMU Deed of Establishment").
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The articles of association of PMU as set out in the PMU Deed of Establishment have been
amended several times, most recently by Deed of Statement of Shareholders' Resolutions
No. 19 dated 19 January 2026, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in
Tangerang Regency, which obtained approval from the Minister of Law pursuant to Letter
of Approval of Amendment to Articles of Association No. AHU-0007545.AH.01.02.TAHUN
2026 and was registered in the Company Register No. AHU-0024979.AH.01.11.TAHUN
2026 dated 11 February 2026, whereby the shareholders of PMU approved amendments
to the term of office of the Board of Directors and Board of Commissioners and the duties
and authorities of the Board of Directors ("PMU Deed No. 19/2026").
Furthermore, the PMU Deed of Establishment together with all amendments thereto,
including PMU Deed No. 19/2026, shall be referred to as the "Articles of Association of
PMU".
b.ii. Capital Structure and Shareholding Composition
Based on Deed of Statement of Shareholders' Resolutions of PMU No. 17 dated 27
December 2023, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, which (i) obtained approval from the Minister of Law and Human Rights pursuant
to Decree No. AHU-0000364.AH.01.02.Tahun 2024 dated 4 January 2024; and (ii) was
notified to and received by the Minister of Law and Human Rights pursuant to Letter of
Receipt of Notification of Amendment to Articles of Association No. AHU-AH.01.03-
0002019 dated 4 January 2024, both of which were registered in the Company Register
No. AHU-0001242.AH.01.11.Tahun 2024 dated 4 January 2024 ("PMU Deed No.
17/2023"), the capital structure and shareholding composition of PMU are as follows:
Nominal value Rp117,000,- /Share
Description Nominal Amount (%)
Number of Shares
(Rupiah)
Authorized Capital 150.000 17.550.000.000
Issued and Fully Paid-up
Capital:
1. PT Mentari Sinar Persada 80.990 9.475.830.000 99,98
2. PT Matahari Pacific 10 1.170.000 0,02
Total Issued and Fully Paid-up 81.000 9.477.000.000 100,00
Capital
Portfolio Shares 69.000 8.073.000.000
b.iii. Composition of the Board of Directors and Board of Commissioners
Based on Deed of Affirmation of Statement of Shareholders' Resolutions of PMU No. 11
dated 5 March 2026, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, notification of which was submitted to and received by the Minister of Law
pursuant to Letter of Receipt of Notification of Change of Company Data No. AHU-
AH.01.09-0145023 dated 16 March 2026 and registered in the Company Register No.
AHU-0058771.AH.01.11.Tahun 2026 dated 16 March 2026 ("PMU Deed No. 11/2026"),
the composition of the Board of Directors and Board of Commissioners of PMU is as
follows:
Board of Directors
President Director : Merry Maryati
Director : Chrysologus RN Sinulingga
Board of
Commissioners
President : Agus Arismunandar
Commissioner
Commissioner : Yerry Goei
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b.iv. Business Activities
Based on the Articles of Association of PMU, the purposes and objectives of PMU are to
engage in real estate, information and communication, leasing without option rights,
professional, scientific and technical activities, education, transportation, wholesale and
retail trading, arts, entertainment and recreation, and financial and insurance activities.
The business activity currently conducted by PMU is real estate.
c. NMI
c.i. Brief History
NMI, domiciled in Kelapa Dua - Tangerang Regency, is a limited liability company
established under the laws of the Republic of Indonesia. NMI was established pursuant to
Deed of Establishment No. 12 dated 23 September 2010, drawn up before Nurlani Yusup,
S.H., M.Kn., Notary in Tangerang Regency, which obtained approval from the Minister of
Law and Human Rights pursuant to Decree No. AHU-47112.AH.01.01 Tahun 2010 dated
5 October 2010 and was registered in the Company Register No. AHU-0072289.AH.01.09
Tahun 2010 dated 5 October 2010 ("NMI Deed of Establishment").
The articles of association of NMI as set out in the NMI Deed of Establishment have been
amended several times, most recently by Deed of Statement of Shareholders' Resolutions
No. 18 dated 19 January 2026, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in
Tangerang Regency, which obtained approval from the Minister of Law pursuant to Letter
of Approval of Amendment to Articles of Association No. AHU-0007542.AH.01.02.TAHUN
2026 and was registered in the Company Register No. AHU-0024974.AH.01.11.TAHUN
2026 dated 11 February 2026, whereby the shareholders of NMI approved amendments
to the term of office of the Board of Directors and Board of Commissioners and the duties
and authorities of the Board of Directors ("NMI Deed No. 18/2026").
Furthermore, the NMI Deed of Establishment together with all amendments thereto,
including NMI Deed No. 18/2026, shall be referred to as the "Articles of Association of
NMI".
c.ii. Capital Structure and Shareholding Composition
Based on Deed of Statement of Shareholders' Resolutions of NMI No. 17 dated 22
December 2016, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, which obtained approval from the Minister of Law and Human Rights pursuant
to Decree No. AHU-0000269.AH.01.02.Tahun 2017 dated 5 January 2017 and was
registered in the Company Register No. AHU-0001153.AH.01.11.Tahun 2017 dated 5
January 2017 ("NMI Deed No. 17/2017"), the capital structure and shareholding
composition of NMI are as follows:
Nominal value Rp887,000,- / share
Keterangan Nominal Amount (%)
Number of Shares
(Rupiah)
Authorized Capital 24.000 21.288.000.000
Issued and Fully Paid-up
Capital:
1. PT Mentari Sinar Persada 10 8.870.000 0,05
2. PT Matahari Pacific 20.990 18.618.130.000 99,95
Total Issued and Fully Paid-up 21.000 18.627.000.000 100,00
Capital
Portfolio Shares 3.000 2.610.000.000
c.iii. Composition of the Board of Directors and Board of Commissioners
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Based on Deed of Affirmation of Statement of Shareholders' Resolutions of NMI No. 08
dated 5 March 2026, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, notification of which was submitted to and received by the Minister of Law
pursuant to Letter of Receipt of Notification of Change of Company Data No. AHU-
AH.01.09-0145045 dated 16 March 2026 and registered in the Company Register No.
AHU-0058781.AH.01.11.Tahun 2026 dated 16 March 2026 ("NMI Deed No. 08/2026"),
the composition of the Board of Directors and Board of Commissioners of NMI is as follows:
Board of Directors
President Director : Merry Maryati
Director : Chrysologus RN Sinulingga
Board of
Commissioners
President : Agus Arismunandar
Commissioner
Commissioner : Yerry Goei
c.iv. Business Activities
Based on the Articles of Association of NMI, the purposes and objectives of NMI are to
engage in real estate, information and communication, leasing without option rights,
professional, scientific and technical activities, education, transportation, wholesale and
retail trading, arts, entertainment and recreation, and financial and insurance activities.
The business activity currently conducted by NMI is real estate.
d. SAL
d.i. Brief History
SAL, domiciled in Kelapa Dua - Tangerang Regency, is a limited liability company
established under the laws of the Republic of Indonesia. SAL was established pursuant to
Deed of Establishment No. 4 dated 22 September 2010, drawn up before Nurlani Yusup,
S.H., M.Kn., Notary in Tangerang Regency, which obtained approval from the Minister of
Law and Human Rights pursuant to Decree No. AHU-46048.AH.01.01.Tahun 2010 dated
28 September 2010 and was registered in the Company Register No. AHU-
007521.AH.01.09.Tahun 2010 dated 28 September 2010 ("SAL Deed of
Establishment").
The articles of association of SAL as set out in the SAL Deed of Establishment have been
amended several times, most recently by Deed of Statement of Shareholders' Resolutions
No. 26 dated 19 January 2026, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in
Tangerang Regency, which obtained approval from the Minister of Law pursuant to Letter
of Approval of Amendment to Articles of Association No. AHU-0007572.AH.01.02.TAHUN
2026 and was registered in the Company Register No. AHU-0025037.AH.01.11.TAHUN
2026 dated 11 February 2026, whereby the shareholders of SAL approved amendments
to the term of office of the Board of Directors and Board of Commissioners and the duties
and authorities of the Board of Directors ("SAL Deed No. 26/2026").
Furthermore, the SAL Deed of Establishment together with all amendments thereto,
including SAL Deed No. 26/2026, shall be referred to as the "Articles of Association of
SAL".
d.ii. Capital Structure and Shareholding Composition
Based on Deed of Statement of Shareholders' Resolutions of SAL No. 03 dated 01 July
2024, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang Regency,
notification of which was submitted to and received by the Minister of Law and Human
Rights pursuant to Letter of Receipt of Notification of Amendment to Articles of Association
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No. AHU-AH.01.03-0170446 dated 10 July 2024 and registered in the Company Register
No. AHU-0138698.AH.01.11.Tahun 2024 dated 10 July 2024 ("SAL Deed No. 03/2024"),
the capital structure and shareholding composition of SAL are as follows::
Nominal value Rp670,000,- / share
Description Nominal Amount (%)
Number of Shares
(Rupiah)
Authorized Capital 450.000 288.000.000.000
Issued and Fully Paid-up
Capital:
1. PT Prima Mentari Persada 415.990 266.233.600.000 99,98
2. PT Matahari Pacific 10 6.400.000 0,02
Total Issued and Fully Paid-up 416.000 266.240.000.000 100,00
Capital
Portfolio Shares 34.000 21.760.000.000
d.iii. Composition of the Board of Directors and Board of Commissioners
Based on Deed of Affirmation of Statement of Shareholders' Resolutions of SAL No. 18
dated 6 March 2026, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, notification of which was submitted to and received by the Minister of Law
pursuant to Letter of Receipt of Notification of Change of Company Data No. AHU-
AH.01.09-0155492 dated 10 March 2026 and registered in the Company Register No.
AHU-0060771.AH.01.11.Tahun 2026 dated 10 March 2026 ("SAL Deed No. 18/2026"),
the composition of the Board of Directors and Board of Commissioners of SAL is as
follows:
Board of Directors
President Director : Merry Maryati
Director : Chrysologus RN Sinulingga
Board of
Commissioners
President : Agus Arismunandar
Commissioner
Commissioner : Yerry Goei
d.iv. Business Activities
Based on the Articles of Association of SAL, the purposes and objectives of SAL are to
engage in real estate, information and communication, leasing without option rights,
professional, scientific and technical activities, education, transportation, wholesale and
retail trading, arts, entertainment and recreation, and financial and insurance activities.
The business activity currently conducted by SAL is real estate.
e. BS
e.i. Brief History
BS, domiciled in Kelapa Dua - Tangerang Regency, is a limited liability company
established under the laws of the Republic of Indonesia. BS was established pursuant to
Deed of Establishment of Limited Liability Company PT Balaraja Sentosa No. 9 dated 23
September 2010, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, which obtained approval from the Minister of Law and Human Rights pursuant
to Decree No. AHU-46946.AH.01.01.Tahun 2010 dated 5 October 2010 and was
registered in the Company Register No. AHU-0072019.AH.01.09.Tahun 2010 dated 5
October 2010 ("BS Deed of Establishment").
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The articles of association of BS as set out in the BS Deed of Establishment have been
amended several times, most recently by Deed of Statement of Shareholders' Resolutions
No. 8 dated 19 January 2026, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in
Tangerang Regency, which obtained approval from the Minister of Law pursuant to Letter
of Approval of Amendment to Articles of Association No. AHU-0007530.AH.01.02.TAHUN
2026 and was registered in the Company Register No. AHU-0024946.AH.01.11.TAHUN
2026 dated 11 February 2026, whereby the shareholders of BS approved amendments to
the term of office of the Board of Directors and Board of Commissioners and the duties
and authorities of the Board of Directors ("BS Deed No. 08/2026").
Furthermore, the BS Deed of Establishment together with all amendments thereto,
including BS Deed No. 08/2026, shall be referred to as the "Articles of Association of
BS".
e.ii. Capital Structure and Shareholding Composition
Based on Deed of Statement of Shareholders' Resolutions of BS No. 05 dated 25 July
2025, drawn up before Nurlani Yusup, S.H., M.Kn., notification of which was submitted to
and received by the Minister of Law pursuant to Letter of Receipt of Notification of
Amendment to Articles of Association No. AHU-AH.01.03-0201878 dated 31 July 2025
and registered in the Company Register No. AHU-0174865.AH.01.11.Tahun 2025 dated
31 July 2025 ("BS Deed No. 05/2025"), the capital structure and shareholding composition
of BS are as follows:
Nominal value Rp239,000,- / share
Description Nominal Amount (%)
Number of Shares
(Rupiah)
Authorized Capital 229.000 54.731.000.000
Issued and Fully Paid-up
Capital:
1. PT Matahari Pacific 152.990 36.564.610.000 99,99
2. PT Mentari Sinar Persada 10 2.390.000 0,01
Total Issued and Fully Paid-up 153.000 36.567.000.000 100,00
Capital
Portfolio Shares 76.000 18.164.000.000
e.iii. Composition of the Board of Directors and Board of Commissioners
Based on Deed of Affirmation and Statement of Shareholders' Resolutions of BS No. 03
dated 5 March 2025, drawn up before Nurlani Yusup, S.H., M.Kn., Notary in Tangerang
Regency, notification of which was submitted to and received by the Minister of Law
pursuant to Letter of Receipt of Notification of Change of Company Data No. AHU-
AH.01.09-0145079 and registered in the Company Register No. AHU-
0058791.AH.01.11.Tahun 2026 dated 16 March 2026, the composition of the Board of
Directors and Board of Commissioners of BS is as follows:
Board of Directors
President Director : Merry Maryati
Director : Chrysologus RN Sinulingga
Board of
Commissioners
President : Agus Arismunandar
Commissioner
Commissioner : Yerry Goei
e.iv. Business Activities
Based on the Articles of Association of BS, the purposes and objectives of BS are to
engage in real estate, information and communication, leasing without option rights,
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professional, scientific and technical activities, education, transportation, wholesale and
retail trading, arts, entertainment and recreation, and financial and insurance activities.
The business activity currently conducted by BS is real estate.
Buyer – MPPA
a. Brief History
MPPA, domiciled in Central Jakarta, is a limited liability company established under and
governed by Indonesian law. MPPA was established pursuant to Deed of Establishment
No. 30 dated 11 March 1986, drawn up before Budiarti Karnadi, S.H., Notary in Jakarta,
which obtained approval from the Minister of Justice of the Republic of Indonesia pursuant
to Decree No. C2-5238.HT.01.01.Th.86 dated 26 July 1986, was registered in the register
book at the Central Jakarta District Court under No. 1745/1986, and was announced in the
State Gazette of the Republic of Indonesia No. 73 dated 10 September 1991, Supplement
to the State Gazette No. 2954 ("MPPA Deed of Establishment").
The articles of association of MPPA as set out in the MPPA Deed of Establishment have
been amended several times, most recently by Deed of Statement of Resolutions of the
Extraordinary General Meeting of Shareholders of the Company No. 33 dated 10 April
2026, drawn up before Sriwi Bawana Nawaksari, S.H., M.Kn., Notary in Tangerang
Regency, which (i) obtained approval from the Minister of Law pursuant to Decree No.
AHU-0023025.AH.01.02.Tahun 2026 dated 10 April 2026; and (ii) was notified to and
received by the Minister of Law pursuant to Letter of Receipt of Notification of Amendment
to Articles of Association No. AHU-AH.01.03-0103758 dated 10 April 2026, both of which
were registered in the Company Register No. AHU-0075014.AH.01.11.Tahun 2026 dated
10 April 2026, and announced in the State Gazette of the Republic of Indonesia No. 029
dated 10 April 2026, Supplement to the State Gazette No. 008477, whereby the
shareholders of the Company approved amendments to Article 4 (concerning capital) and
Article 12 (concerning the duties, responsibilities, and authorities of the Board of Directors)
("MPPA Deed No. 33/2026").
Furthermore, the MPPA Deed of Establishment together with all amendments thereto,
including MPPA Deed No. 33/2026, shall be referred to as the "Articles of Association
of MPPA".
b. Capital Structure and Shareholding Composition
Based on MPPA Deed No. 33/2026 and the Shareholders Register of MPPA dated 31 May
2026, the capital structure and shareholding composition of MPPA are as follows:
Nominal value Rp50,- / share Ownership
Description Number of Nominal Amount Percentage
Shares (Rupiah) (%)
Authorized Capital 50.000.000.000 2.500.000.000.000
Issued and Fully Paid-up Capital:
1. MLPL 6.500.845.870 325.042.293.500 50,13516
2. US BANK NA Consilium 1.148.862.825 57.443.141.250
8,86014
Frontier Equity Fund LP
3. Caesario Parlindungan 7.500 375.000 0,00006
4. Public ownership below 5% 5.316.923.889 265.846.194.450 41,00464
Total Issued and Fully Paid-up 12.966.640.084 648.332.004.200 100,00000
Capital
Portfolio Shares 37.033.359.916 1.851.667.995.800 -
c. Composition of the Board of Directors and Board of Commissioners
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Based on Deed of Statement of Partial Resolutions of the Annual General Meeting of
Shareholders No. 112 dated 30 March 2026, drawn up before Siriwi Bawana Nawaksari,
S.H., M.Kn., notification of which was submitted to and received by the Minister of Law
pursuant to Letter of Receipt of Notification of Amendment to Articles of Association No.
AHU-AH.01.09-0199155 dated 10 April 2026 and registered in the Company Register No.
AHU-007837.AH.01.11.Tahun 2026 dated 10 April 2026, the composition of the Board of
Directors and Board of Commissioners of the Company is as follows:
Board of Directors
President Director : Adrian Suherman
Vice President Director : Yerry Goei
Director : Mirtha Sukanto
Director : Hendri Tadjuni
Director : Caesario Parlindungan
Board of Commissioners
President Commissioner : Fendi Santoso
Independent : Johan Anthony
Commissioner
Commissioner : John Riady
d. Business Activities
Based on the Articles of Association of MPPA, the purposes and objectives of MPPA are
to engage in wholesale and retail trading, real estate, leasing without option rights,
accommodation and food and beverage service activities, construction, professional,
scientific and technical activities, warehousing and storage, telecommunications, internet-
based trading application development activities (e-commerce), and web portals.
The business activities currently actually conducted by MPPA include trading in various
goods, primarily food, beverages, or tobacco, for example in minimarkets, supermarkets,
and hypermarkets, and may also include the sale of several non-food items such as
clothing, household furniture, children's toys, cosmetics, pharmaceuticals (medicines),
medical devices, as well as food and beverage services in the form of restaurants.
3. DESCRIPTION OF THE RELATIONSHIP AND NATURE OF THE AFFILIATION OF THE
PARTIES CONDUCTING THE TRANSACTION
The Affiliate relationship in connection with the Transaction arises from the common control
exercised by the same party over the parties involved in the Transaction, namely the Seller
Parties and the Buyer Party, all of which are under the control of the Company.
EXPLANATION, CONSIDERATIONS, AND REASONS FOR THE TRANSACTION
AND ITS IMPACT ON THE COMPANY’S FINANCIAL CONDITION
1. EXPLANATION, CONSIDERATIONS, AND REASONS FOR THE TRANSACTION
The Company periodically evaluates its asset portfolio as part of investment management and
asset portfolio optimization in line with the Company's business strategy.
Based on the results of such evaluation, the Company views the transfer of assets through this
Transaction as being in line with the Company's asset portfolio management strategy. The asset
that is the object of the Transaction is also in accordance with MPPA's operational needs and
business development plans, such that the Transaction is expected to provide benefits to each
party in accordance with their respective business strategies.
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The Transaction is carried out based on fair market value as reflected in the appraisal report
issued by the Independent Appraiser, as well as on fair commercial terms and conditions (arm's
length), which do not differ materially from similar transactions conducted with parties that have
no affiliated relationship.
2. IMPACT OF THE TRANSACTION ON THE COMPANY’S FINANCIAL CONDITION
The table below shows a summary of the Company’s and its subsidiaries’ financial condition as
of December 31, 2025, before and after the implementation of the Transaction.
Proforma
Consolidated Balance Sheet Audit as of
After Transaction as of
(in million Rupiah) 31 December 2025
31 December 2025
Current Assets
Cash and Cash Equivalents 1.395.871 1.249.245
Trade Receivables
Third Parties 767.711 767.711
Related Parties 48.537 48.537
Other Current Financial Assets 980.847 980.847
Inventories 2.545.446 2.545.446
Prepaid Taxes 150.826 236.626
Prepaid Expenses 71.274 71.274
Other Current Assets 149.583 149.583
Total Current Assets 6.110.095 6.049.269
Non-Current Assets
Other Non-Current Financial Assets 516.205 516.205
Investment in Associates 4.383.651 4.383.651
Other Long-Term Investments 1.368.373 1.368.373
Investment Properties 53.131 53.131
Fixed Assets 1.348.954 1.348.954
Right-of-Use Assets 669.261 669.261
Intangible Assets 220.204 220.204
Deferred Tax Assets 362.125 362.125
Other Non-Current Assets 56.088 56.088
Total Non-Current Assets 8.977.992 8.977.992
TOTAL ASSETS 15.088.087 15.027.261
Current Liabilities
Short-Term Bank and Other Financial 702.000 702.000
Institution Loans
Trade Payables
Third Parties 1.931.347 1.931.347
Related Parties 10.868 10.868
Accrued Expenses 930.504 930.504
Other Short-Term Financial Liabilities 386.133 386.133
Taxes Payable 62.896 62.896
Short-Term Employee Benefits Liabilities 168.257 168.257
Current Portion of Long-Term Liabilities:
Finance Lease Liabilities 3.513 3.513
Bank and Other Financial Institution Loans 328.555 328.555
Other Current Liabilities 1.321.972 1.321.972
Total Current Liabilities 5.846.045 5.846.045
Non-Current Liabilities
Long-Term Liabilities – Net of Current
Portion:
Finance Lease Liabilities 4.210 4.210
Bank and Other Financial Institution Loans 961.907 961.907
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Long-term employee benefit liabilities 293.315 293.315
Deferred tax liabilities 145.348 145.348
Other non-current long-term financial 1.324.848 1.324.848
liabilities
Other non-current liabilities 216.333 216.333
Total Non-Current Liabilities 2.945.961 2.945.961
TOTAL LIABILITIES 8.792.006 8.792.006
Equity
Share Capital 2.948.661 2.948.661
Additional Paid-in Capital 43.684 43.684
Treasury Shares (20.519) (20.519)
Other Equity Components 589.428 589.428
Other Comprehensive Income 1.146.633 1.146.633
Retained Earnings 1.345.968 1.303.384
Equity Attributable to Owners of the Parent 6.053.855 6.011.271
Entity
Non-Controlling Interests 242.226 223.984
Total Equity 6.296.081 6.235.255
TOTAL LIABILITIES AND EQUITY 15.088.087 15.027.261
Consolidated Statement of Profit or Proforma After
Audit as of
Loss Transaction
31 December 2025
(in million Rupiah) 31 December 2025
Net Revenue 11.544.649 11.544.649
Cost of Revenue (9.611.990) (9.611.990)
Gross Profit 1.932.659 1.932.659
Investment Income 16.813 16.813
Share of Net Profit of Associates 245.576 245.576
Operating Expenses (1.828.684) (1.870.008)
Other Income (Expenses) – Net (137.455) (137.455)
Finance Costs (237.784) (237.784)
Profit Before Tax (8.875) (50.199)
Final Tax Expense (23.285) (42.787)
Income Tax Expense (137.612) (137.612)
Profit (Loss) for the Year (169.772) (230.598)
Other Comprehensive Loss 1.351.396 1.351.396
Total Comprehensive Income for the 1.181.624 1.120.798
Period
SUMMARY OF THE INDEPENDENT APPRAISER’S REPORT ON THE FAIRNESS OF
THE TRANSACTION
1. SUMMARY OF THE APPRAISAL REPORT
The Company appointed Suwendho Rinaldy and Rekan Public Appraisal Office (“KJPP SRR”),
a licensed Public Appraisal Office holding Business License No. 2.09.0059 pursuant to the
Decree of the Minister of Finance No. 1056/KM.1/2009 dated 20 August 2009 and registered as
a capital market supporting professional services firm with the Financial Services Authority (OJK)
under Capital Market Supporting Professional Registration Certificate (Surat Tanda Terdaftar
Profesi Penunjang Pasar Modal) No. STTD.PPB-05/PJ-1/PM.02/2023 dated 4 June 2023
(Property and Business Appraiser), to act as an independent appraiser to provide an opinion on
the market value of the property, in accordance with KJPP SRR’s Proposal No. 260108.001/SRR-
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JK/SPN-AF/MLPL/OR dated 8 January 2026, which has been approved by the Company’s
management.
Set out below is a summary of the property valuation report as contained in the Property Valuation
Report:
I. Property Valuation Report in respect of Property Owned by/Registered in the Name of PT
Balaraja Sentosa ("BS") No. 00100/2.0059-02/PI/10/0242/1/II/2026 dated 9 February 2026**
A. Purpose and Objective of the Engagement
The purpose of the valuation engagement is to provide an opinion as to the market value of
the Valuation Object as of the Valuation Date, expressed in Indonesian Rupiah. The
objective of the engagement is to provide the Company with information regarding the
market value of the Valuation Object for the purposes of the proposed sale of the Valuation
Object.
B. Assumptions and Limiting Conditions
The assumptions and limiting conditions adopted in the valuation are as follows:
- the valuation report constitutes a non-disclaimer opinion report;
- KJPP SRR has reviewed the documents used in the valuation process;
- the data and information used in the valuation were obtained from and/or validated by
the Indonesian Society of Appraisers (Masyarakat Profesi Penilai Indonesia or
"MAPPI");
- KJPP SRR is responsible for the preparation of the valuation report;
- the valuation report is intended for public disclosure, except for confidential information
that may affect the Company's operations;
- KJPP SRR is responsible for the valuation report and the conclusion as to the final
value; and
- KJPP SRR has reviewed the legal status of the Valuation Object.
C. Principal Assumptions
The valuation does not take into account any costs or taxes arising from the sale and
purchase transaction, in accordance with OJK Regulation No. 28/POJK.04/2021 dated 28
December 2021 concerning Property Valuation and the Presentation of Property Valuation
Reports in the Capital Market ("POJK No. 28/2021") and the Indonesian Code of Ethics for
Appraisers and the Indonesian Valuation Standards, Seventh Edition 2018 ("KEPI & SPI").
D. Valuation Object
The Valuation Object comprises property owned by/registered in the name of BS, a
subsidiary of MLPL, consisting of vacant land with a total area of 38,169.00 square metres,
located within Graha Balaraja Industrial Estate, Sukamurni Subdistrict and Tobat Subdistrict,
Balaraja District, Tangerang Regency, Banten Province.
E. Inspection of the Valuation Object
A physical inspection of the Valuation Object was carried out on 29 January 2026.
F. Valuation Date
The valuation date was determined to be 31 December 2025, having regard to the purpose
and objective of the valuation.
G. Valuation Approach
The valuation was conducted using the Market Approach. The Market Approach is a
valuation methodology that utilises transaction data or offering data relating to comparable
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and similar properties as the basis for determining the value of the Valuation Object through
a process of comparison and adjustment.
The Market Approach was adopted in valuing the Valuation Object, which comprises land
under development, taking into consideration the availability, at the time of the site
inspection, of comparable and similar property data suitable for use in the valuation process.
H. Valuation Conclusion
Based on the valuation performed by KJPP SRR as the independent appraiser, the market
value of the property owned by/registered in the name of BS as of 31 December 2025 was
determined to be IDR53,436,600,000.00.
II. Property Valuation Report in respect of Property Owned by/Registered in the Name of PT Nusa
Malioboro Indah ("NMI") No. 00101/2.0059-02/PI/10/0242/1/II/2026 dated 9 February 2026
A. Purpose and Objective of the Engagement
The purpose of the valuation engagement is to provide an opinion as to the market value of
the Valuation Object as of the Valuation Date, expressed in Indonesian Rupiah. The
objective of the engagement is to provide the Company with information regarding the
market value of the Valuation Object for the purposes of the proposed sale of the Valuation
Object.
B. Assumptions and Limiting Conditions
The assumptions and limiting conditions adopted in the valuation are as follows:
- the valuation report constitutes a non-disclaimer opinion report;
- KJPP SRR has reviewed the documents used in the valuation process;
- the data and information used in the valuation were obtained from and/or validated by
the Indonesian Society of Appraisers (Masyarakat Profesi Penilai Indonesia or
"MAPPI");
- KJPP SRR is responsible for the preparation of the valuation report;
- the valuation report is intended for public disclosure, except for confidential information
that may affect the Company's operations;
- KJPP SRR is responsible for the valuation report and the conclusion as to the final
value; and
- KJPP SRR has reviewed the legal status of the Valuation Object.
C. Principal Assumptions
The valuation does not take into account any costs or taxes arising from the sale and
purchase transaction, in accordance with POJK No. 28/2021 and KEPI & SPI.
D. Valuation Object
The Valuation Object comprises property owned by/registered in the name of NMI, a
subsidiary of MLPL, consisting of the Gedoeng Merah Shopping Centre, comprising land
with a total area of 1,658.00 square metres and a building with a total gross floor area of
5,382.00 square metres, located at Jl. Malioboro No. 11A, Sosromenduran Subdistrict,
Gedongtengen District, Yogyakarta City, Special Region of Yogyakarta Province.
E. Inspection of the Valuation Object
A physical inspection of the Valuation Object was carried out on 3 February 2026.
F. Valuation Date
The Valuation Date was determined to be 31 December 2025, having regard to the purpose
and objective of the valuation.
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G. Valuation Approaches
The valuation was conducted using the following valuation approaches:
- Income Approach
The Income Approach was adopted due to the unavailability, at the time of the site
inspection, of comparable and similar market data for the Valuation Object. In valuing
the Valuation Object, which comprises income-generating property of a relatively
simple nature, the Gross Income Multiplier ("GIM") method was applied.
Under the GIM method, the indication of the market value of the Valuation Object is
derived by capitalising the potential gross annual income, which reflects and represents
the Valuation Object's future annual income, using an appropriate multiplier commonly
referred to as the Gross Income Multiplier (GIM).
In applying the GIM method, consideration was given to sales and lease transactions
involving comparable and similar properties with similar physical, locational and
investment characteristics, where available, together with relevant records, interviews
with knowledgeable individuals, government officials and other property owners familiar
with property values, rental rates and comparable offerings in the relevant area. Such
data were analysed to derive the appropriate GIM for the Valuation Object. The
resulting GIM was then multiplied by the Valuation Object's Potential Gross Income
("PGI") to determine an indication of its market value.
- Cost Approach
The Cost Approach is a valuation approach used to determine the value of the building
component of the Valuation Object based on its reproduction cost new or replacement
cost new as of the Valuation Date (cut-off date), less accrued depreciation.
The reproduction cost new or replacement cost new is calculated by taking into account
all costs incurred in the acquisition or construction of the property, including planning
and supervisory costs, procurement of units or materials, foundation costs, construction
or installation costs, together with standard expenditures relating to transportation,
insurance, import duties, taxes and interest incurred during the construction period, but
excluding costs attributable to construction delays and overtime.
The Cost Approach was adopted in valuing the building component of the Valuation
Object, taking into consideration that the reproduction cost new or replacement cost
new, together with the applicable depreciation, could be reliably estimated.
- Market Approach
The Market Approach is a valuation methodology that utilises transaction data or
offering data relating to comparable and similar properties as the basis for determining
the value of the Valuation Object through a process of comparison and adjustment.
The Market Approach was applied by considering and analysing sales transactions
and/or offering data relating to comparable and similar properties having similar
characteristics, including location, land area and configuration, frontage, ownership
status or type of title, topography, surface condition, accessibility and other relevant
characteristics, where applicable. Appropriate adjustments were then made to reflect
the differences and similarities between the Valuation Object and the comparable
properties in order to derive an indication of the market value of the land component of
the Valuation Object.
The Market Approach was adopted in this valuation after taking into consideration that,
at the time of the site inspection, comparable and similar property data were available
for use in the valuation process.
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H. Valuation Conclusion
Based on the valuation performed by KJPP SRR as the independent appraiser, the market
value of the property owned by/registered in the name of NMI as of 31 December 2025 was
determined to be IDR67,453,160,000.00.
III. Property Valuation Report in respect of Property Owned by/Registered in the Name of PT Surya
Asri Lestari ("SAL") No. 00102/2.0059-02/PI/10/0242/1/II/2026 dated 9 February 2026
A. Purpose and Objective of the Engagement
The purpose of the valuation engagement is to provide an opinion as to the market value of
the Valuation Object as of the Valuation Date, expressed in Indonesian Rupiah. The
objective of the engagement is to provide the Company with information regarding the
market value of the Valuation Object for the purposes of the proposed sale of the Valuation
Object.
B. B. Assumptions and Limiting Conditions
The assumptions and limiting conditions adopted in the valuation are as follows:
- the valuation report constitutes a non-disclaimer opinion report;
- KJPP SRR has reviewed the documents used in the valuation process;
- the data and information used in the valuation were obtained from and/or validated by
the Indonesian Society of Appraisers (Masyarakat Profesi Penilai Indonesia or
"MAPPI");
- KJPP SRR is responsible for the preparation of the valuation report;
- the valuation report is intended for public disclosure, except for confidential information
that may affect the Company's operations;
- KJPP SRR is responsible for the valuation report and the conclusion as to the final
value; and
- KJPP SRR has reviewed the legal status of the Valuation Object.
C. Principal Assumptions
The valuation does not take into account any costs or taxes arising from the sale and
purchase transaction, in accordance with POJK No. 28/2021 and KEPI & SPI.
D. Valuation Object
The Valuation Object comprises property owned by/registered in the name of SAL, a
subsidiary of MLPL, consisting of a former shopping centre comprising land with a total area
of 8,001.00 square metres and a building with a total gross floor area of 26,657.00 square
metres, located at Jl. Sholeh Iskandar, Kedung Badak Subdistrict, Tanah Sareal District,
Bogor City, West Java Province.
E. Inspection of the Valuation Object
A physical inspection of the Valuation Object was carried out on 27 January 2026.
F. Valuation Date
The Valuation Date was determined to be 31 December 2025, having regard to the purpose
and objective of the valuation.
G. Valuation Approaches
The valuation was conducted using the following valuation approaches:
- Income Approach
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The Income Approach was adopted due to the unavailability, at the time of the site
inspection, of comparable and similar market data for the Valuation Object. In valuing
the Valuation Object, which comprises income-generating property of a relatively
simple nature, the Gross Income Multiplier ("GIM") method was applied.
Under the GIM method, the indication of the market value of the Valuation Object is
derived by capitalising the potential gross annual income, which reflects and represents
the Valuation Object's future annual income, using an appropriate multiplier commonly
referred to as the Gross Income Multiplier (GIM).
In applying the GIM method, consideration was given to sales and lease transactions
involving comparable and similar properties with similar physical, locational and
investment characteristics, where available, together with relevant records, interviews
with knowledgeable individuals, government officials and other property owners familiar
with property values, rental rates and comparable offerings in the relevant area. Such
data were analysed to derive the appropriate GIM for the Valuation Object. The
resulting GIM was then multiplied by the Valuation Object's Potential Gross Income
("PGI") to determine an indication of its market value.
- Cost Approach
The Cost Approach is a valuation approach used to determine the value of the building
component of the Valuation Object based on its reproduction cost new or replacement
cost new as of the Valuation Date (cut-off date), less accrued depreciation.
The reproduction cost new or replacement cost new is calculated by taking into account
all costs incurred in the acquisition or construction of the property, including planning
and supervisory costs, procurement of units or materials, foundation costs, construction
or installation costs, together with standard expenditures relating to transportation,
insurance, import duties, taxes and interest incurred during the construction period, but
excluding costs attributable to construction delays and overtime.
The Cost Approach was adopted in valuing the building component of the Valuation
Object, taking into consideration that the reproduction cost new or replacement cost
new, together with the applicable depreciation, could be reliably estimated.
- Market Approach
The Market Approach is a valuation methodology that utilises transaction data or
offering data relating to comparable and similar properties as the basis for determining
the value of the Valuation Object through a process of comparison and adjustment.
The Market Approach was applied by considering and analysing sales transactions
and/or offering data relating to comparable and similar properties having similar
characteristics, including location, land area and configuration, frontage, ownership
status or type of title, topography, surface condition, accessibility and other relevant
characteristics, where applicable. Appropriate adjustments were then made to reflect
the differences and similarities between the Valuation Object and the comparable
properties in order to derive an indication of the market value of the land component of
the Valuation Object.
The Market Approach was adopted in this valuation after taking into consideration that,
at the time of the site inspection, comparable and similar property data were available
for use in the valuation process.
H. Valuation Conclusion
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Based on the valuation performed by KJPP SRR as the independent appraiser, the market
value of the property owned by/registered in the name of SAL as of 31 December 2025 was
determined to be IDR117,159,576,000.00.
IV. Property Valuation Report in respect of Property Owned by/Registered in the Name of PT Panca
Megah Utama ("PMU") No. 00103/2.0059-02/PI/10/0242/1/II/2026 dated 9 February 2026
A. Purpose and Objective of the Engagement
The purpose of the valuation engagement is to provide an opinion as to the market value of
the Valuation Object as of the Valuation Date, expressed in Indonesian Rupiah. The
objective of the engagement is to provide the Company with information regarding the
market value of the Valuation Object for the purposes of the proposed sale of the Valuation
Object.
B. Assumptions and Limiting Conditions
The assumptions and limiting conditions adopted in the valuation are as follows:
- the valuation report constitutes a non-disclaimer opinion report;
- KJPP SRR has reviewed the documents used in the valuation process;
- the data and information used in the valuation were obtained from and/or validated by
the Indonesian Society of Appraisers (Masyarakat Profesi Penilai Indonesia or
"MAPPI");
- KJPP SRR is responsible for the preparation of the valuation report;
- the valuation report is intended for public disclosure, except for confidential information
that may affect the Company's operations;
- KJPP SRR is responsible for the valuation report and the conclusion as to the final
value; and
- KJPP SRR has reviewed the legal status of the Valuation Object.
C. Principal Assumptions
The valuation does not take into account any costs or taxes arising from the sale and
purchase transaction, in accordance with POJK No. 28/2021 and KEPI & SPI.
D. Valuation Object
The Valuation Object comprises property owned by/registered in the name of PMU, a
subsidiary of MLPL, consisting of Plaza Gresik Shopping Centre, comprising land with a
total area of 6,704.00 square metres and a building with a total gross floor area of 15,848.00
square metres, located at Jl. Veteran No. 1, Sidomoro Subdistrict, Kebomas District, Gresik
Regency, East Java Province.
E. Inspection of the Valuation Object
A physical inspection of the Valuation Object was carried out on 5 February 2026.
F. Valuation Date
The Valuation Date was determined to be 31 December 2025, having regard to the purpose
and objective of the valuation.
G. Valuation Approaches
The valuation was conducted using the following valuation approaches:
- Income Approach
21
Page 22
The Income Approach was adopted due to the unavailability, at the time of the site
inspection, of comparable and similar market data for the Valuation Object. In valuing
the Valuation Object, which comprises income-generating property of a relatively
simple nature, the Gross Income Multiplier ("GIM") method was applied.
Under the GIM method, the indication of the market value of the Valuation Object is
derived by capitalising the potential gross annual income, which reflects and represents
the Valuation Object's future annual income, using an appropriate multiplier commonly
referred to as the Gross Income Multiplier (GIM).
In applying the GIM method, consideration was given to sales and lease transactions
involving comparable and similar properties with similar physical, locational and
investment characteristics, where available, together with relevant records, interviews
with knowledgeable individuals, government officials and other property owners familiar
with property values, rental rates and comparable offerings in the relevant area. Such
data were analysed to derive the appropriate GIM for the Valuation Object. The
resulting GIM was then multiplied by the Valuation Object's Potential Gross Income
("PGI") to determine an indication of its market value.
- Cost Approach
The Cost Approach is a valuation approach used to determine the value of the building
component of the Valuation Object based on its reproduction cost new or replacement
cost new as of the Valuation Date (cut-off date), less accrued depreciation.
The reproduction cost new or replacement cost new is calculated by taking into account
all costs incurred in the acquisition or construction of the property, including planning
and supervisory costs, procurement of units or materials, foundation costs, construction
or installation costs, together with standard expenditures relating to transportation,
insurance, import duties, taxes and interest incurred during the construction period, but
excluding costs attributable to construction delays and overtime.
The Cost Approach was adopted in valuing the building component of the Valuation
Object, taking into consideration that the reproduction cost new or replacement cost
new, together with the applicable depreciation, could be reliably estimated.
- Market Approach
The Market Approach is a valuation methodology that utilises transaction data or
offering data relating to comparable and similar properties as the basis for determining
the value of the Valuation Object through a process of comparison and adjustment.
The Market Approach was applied by considering and analysing sales transactions
and/or offering data relating to comparable and similar properties having similar
characteristics, including location, land area and configuration, frontage, ownership
status or type of title, topography, surface condition, accessibility and other relevant
characteristics, where applicable. Appropriate adjustments were then made to reflect
the differences and similarities between the Valuation Object and the comparable
properties in order to derive an indication of the market value of the land component of
the Valuation Object.
The Market Approach was adopted in this valuation after taking into consideration that,
at the time of the site inspection, comparable and similar property data were available
for use in the valuation process.
H. Valuation Conclusion
Based on the valuation performed by KJPP SRR as the independent appraiser, the market
value of the property owned by/registered in the name of PMU as of 31 December 2025 was
determined to be IDR128,697,056,000.00.
22
Page 23
V. Property Valuation Report in respect of Property Owned by/Registered in the Name of SAL No.
00104/2.0059-02/PI/10/0242/1/II/2026 dated 9 February 2026
A. Purpose and Objective of the Engagement
The purpose of the valuation engagement is to provide an opinion as to the market value of
the Valuation Object as of the Valuation Date, expressed in Indonesian Rupiah. The
objective of the engagement is to provide the Company with information regarding the
market value of the Valuation Object for the purposes of the proposed sale of the Valuation
Object.
B. Assumptions and Limiting Conditions
The assumptions and limiting conditions adopted in the valuation are as follows:
- the valuation report constitutes a non-disclaimer opinion report;
- KJPP SRR has reviewed the documents used in the valuation process;
- the data and information used in the valuation were obtained from and/or validated by
the Indonesian Society of Appraisers (Masyarakat Profesi Penilai Indonesia or
"MAPPI");
- KJPP SRR is responsible for the preparation of the valuation report;
- the valuation report is intended for public disclosure, except for confidential information
that may affect the Company's operations;
- KJPP SRR is responsible for the valuation report and the conclusion as to the final
value; and* KJPP SRR has reviewed the legal status of the Valuation Object.
C. Principal Assumptions
The valuation does not take into account any costs or taxes arising from the sale and
purchase transaction, in accordance with POJK No. 28/2021 and KEPI & SPI.
D. Valuation Object
The Valuation Object comprises property owned by/registered in the name of SAL, a
subsidiary of MLPL, consisting of a shopping centre comprising land with a total area of
2,056.00 square metres and a building with a total gross floor area of 1,659.00 square
metres, located at Jl. Kapten Muslihat No. 14, Paledang Subdistrict, Bogor Tengah District,
Bogor City, West Java Province.
E. Inspection of the Valuation Object
A physical inspection of the Valuation Object was carried out on 27 January 2026.
F. Valuation Date
The Valuation Date was determined to be 31 December 2025, having regard to the purpose
and objective of the valuation.
G. Valuation Approaches
The valuation was conducted using the following valuation approaches:
- Income Approach
The Income Approach was adopted due to the unavailability, at the time of the site
inspection, of comparable and similar market data for the Valuation Object. In valuing
the Valuation Object, which comprises income-generating property of a relatively
simple nature, the Gross Income Multiplier ("GIM") method was applied.
23
Page 24
Under the GIM method, the indication of the market value of the Valuation Object is
derived by capitalising the potential gross annual income, which reflects and represents
the Valuation Object's future annual income, using an appropriate multiplier commonly
referred to as the Gross Income Multiplier (GIM).
In applying the GIM method, consideration was given to sales and lease transactions
involving comparable and similar properties with similar physical, locational and
investment characteristics, where available, together with relevant records, interviews
with knowledgeable individuals, government officials and other property owners familiar
with property values, rental rates and comparable offerings in the relevant area. Such
data were analysed to derive the appropriate GIM for the Valuation Object. The
resulting GIM was then multiplied by the Valuation Object's Potential Gross Income
("PGI") to determine an indication of its market value.
- Cost Approach
The Cost Approach is a valuation approach used to determine the value of the building
component of the Valuation Object based on its reproduction cost new or replacement
cost new as of the Valuation Date (cut-off date), less accrued depreciation.
The reproduction cost new or replacement cost new is calculated by taking into account
all costs incurred in the acquisition or construction of the property, including planning
and supervisory costs, procurement of units or materials, foundation costs, construction
or installation costs, together with standard expenditures relating to transportation,
insurance, import duties, taxes and interest incurred during the construction period, but
excluding costs attributable to construction delays and overtime.
The Cost Approach was adopted in valuing the building component of the Valuation
Object, taking into consideration that the reproduction cost new or replacement cost
new, together with the applicable depreciation, could be reliably estimated.
- Market Approach
The Market Approach is a valuation methodology that utilises transaction data or
offering data relating to comparable and similar properties as the basis for determining
the value of the Valuation Object through a process of comparison and adjustment.
The Market Approach was applied by considering and analysing sales transactions
and/or offering data relating to comparable and similar properties having similar
characteristics, including location, land area and configuration, frontage, ownership
status or type of title, topography, surface condition, accessibility and other relevant
characteristics, where applicable. Appropriate adjustments were then made to reflect
the differences and similarities between the Valuation Object and the comparable
properties in order to derive an indication of the market value of the land component of
the Valuation Object.
The Market Approach was adopted in this valuation after taking into consideration that,
at the time of the site inspection, comparable and similar property data were available
for use in the valuation process.
H. Valuation Conclusion
Based on the valuation performed by KJPP SRR as the independent appraiser, the market
value of the property owned by/registered in the name of SAL as of 31 December 2025 was
determined to be IDR48,055,440,000.00.
VI. Property Valuation Report in respect of Property Owned by/Registered in the Name of PT Citra
Cito Perkasa ("CCP") No. 00290/2.0059-02/PI/10/0242/1/VI/2026 dated 24 June 2026
A. Purpose and Objective of the Engagement
24
Page 25
The purpose of the valuation engagement is to provide an opinion as to the market value of
the Valuation Object as of the Valuation Date, expressed in Indonesian Rupiah. The
objective of the engagement is to provide the Company with information regarding the
market value of the Valuation Object for the purposes of the proposed sale of the Valuation
Object.
B. Assumptions and Limiting Conditions
The assumptions and limiting conditions adopted in the valuation are as follows:
- the valuation report constitutes a non-disclaimer opinion report;
- KJPP SRR has reviewed the documents used in the valuation process;
- the data and information used in the valuation were obtained from and/or validated by
the Indonesian Society of Appraisers (Masyarakat Profesi Penilai Indonesia or
"MAPPI");
- KJPP SRR is responsible for the preparation of the valuation report;
- the valuation report is intended for public disclosure, except for confidential information
that may affect the Company's operations;
- KJPP SRR is responsible for the valuation report and the conclusion as to the final
value; and
- KJPP SRR has reviewed the legal status of the Valuation Object.
C. Principal Assumptions
The valuation does not take into account any costs or taxes arising from the sale and
purchase transaction, in accordance with POJK No. 28/2021 and KEPI & SPI.
D. Valuation Object
The Valuation Object comprises property owned by/registered in the name of CCP, a
subsidiary of MLPL, consisting of a shopping centre (strata title units) with a total area of
16,138.06 square metres, located on the LG, GF, UG and FF floors of Mall City of Tomorrow,
Jl. Jend. Ahmad Yani No. 288, Dukuh Menanggal Subdistrict, Gayungan District, Surabaya
City, East Java Province.
E. Inspection of the Valuation Object
A physical inspection of the Valuation Object was carried out on 5 February 2026.
F. Valuation Date
The Valuation Date was determined to be 31 December 2025, having regard to the purpose
and objective of the valuation.
G. Valuation Approach
The valuation was conducted using the Market Approach. The Market Approach is a
valuation methodology that utilises transaction data or offering data relating to comparable
and similar properties as the basis for determining the value of the Valuation Object through
a process of comparison and adjustment.
The Market Approach was applied by collecting and analysing sales transaction data and/or
offering data relating to comparable and similar properties having similar physical
characteristics, including location, size and position of the strata title units, floor level, view,
timing and other relevant characteristics, where applicable. Relevant records, interviews
with knowledgeable individuals, government officials and other property owners familiar with
property values, transaction prices and comparable offering prices were also taken into
consideration.
25
Page 26
Appropriate adjustments were then made to reflect the differences and similarities between
the strata title units comprising the Valuation Object and the comparable properties in terms
of location, size and position of the strata title units, floor level, view, timing and other
relevant characteristics, where applicable, in order to derive the market value of the strata
title units comprising the Valuation Object.
The Market Approach was adopted in this valuation after taking into consideration that, at
the time of the site inspection, comparable and similar property data were available for use
in the valuation process.
H. Valuation Conclusion
Based on the valuation performed by KJPP SRR as the independent appraiser, the market
value of the property owned by/registered in the name of CCP as of 31 December 2025 was
determined to be IDR334,712,950,000.00.
2. SUMMARY OF THE FAIRNESS OPINION REPORT ON THE TRANSACTION
Set out below is a summary of the Fairness Opinion Report in respect of the Transaction based
on Report No. 00300/2.0059-02/BS/02/0242/1/VI/2026 dated 29 June 2026.
a. Parties to the Transaction
The parties involved in the Transaction are MPPA, BS, SAL, NMI, PMU and CCP.
b. Subject Matter of the Transaction in the Fairness Opinion Report
The subject matter of the valuation comprises the following properties:
- vacant land with a total area of 38,169.00 square metres, located at Jl. Raya Serang
Km 26, Sukamurni Village and Tobat Village, Balaraja District, Tangerang Regency,
Banten Province, owned by/registered in the name of BS;
- a former shopping centre comprising land with a total area of 8,001.00 square metres
and a building with a total gross floor area of 26,657.00 square metres, located at Jl.
K.H. Sholeh Iskandar, Kedung Badak Subdistrict, Tanah Sareal District, Bogor City,
West Java Province, owned by/registered in the name of SAL;
- a shopping centre comprising land with a total area of 2,056.00 square metres and a
building with a total gross floor area of 1,659.00 square metres, located at Jl. Kapten
Muslihat No. 14, Paledang Subdistrict, Bogor Tengah District, Bogor City, West Java
Province, owned by/registered in the name of SAL;
- a shopping centre comprising land with a total area of 1,658.00 square metres and a
building with a total gross floor area of 5,382.00 square metres, located at Jl. Malioboro
No. 11A, Sosromenduran Subdistrict, Gedongtengen District, Yogyakarta City, Special
Region of Yogyakarta Province, owned by/registered in the name of NMI;
- a shopping centre comprising land with a total area of 6,704.00 square metres and a
building with a total gross floor area of 15,848.00 square metres, located at Jl. Veteran
No. 1, Sidomoro Subdistrict, Kebomas District, Gresik Regency, East Java Province,
owned by/registered in the name of PMU; and
- strata title units with a total area of 16,138.06 square metres, located at Mall City of
Tomorrow, Jl. Jend. Ahmad Yani No. 288, Dukuh Menanggal Subdistrict, Gayungan
District, Surabaya City, East Java Province, owned by/registered in the name of CCP.
c. Purpose and Objective of the Fairness Opinion Report
The purpose of the engagement is to assess the fairness of the Transaction for the purpose
of complying with the requirements of POJK No. 42/2020.
d. Limiting Conditions and Principal Assumptions
26
Page 27
In preparing the Fairness Opinion, KJPP SRR adopted the following assumptions and
limiting conditions:
1. The Fairness Opinion Report constitutes a non-disclaimer opinion report.
2. KJPP SRR has reviewed the documents used in the preparation of the Fairness
Opinion Report.
3. The data and information used in the analysis were obtained from sources considered
to be reliable and accurate.
4. The analysis underlying the Fairness Opinion was performed using adjusted financial
projections that reflect the reasonableness of the financial projections prepared by the
Company's management, taking into account management's ability to achieve such
projections in the discharge of its fiduciary duties.
5. KJPP SRR is responsible for the preparation of the Fairness Opinion Report and for
assessing the reasonableness of the financial projections.
6. The Fairness Opinion Report is intended for public disclosure, except for confidential
information that may affect the Company's operations.
7. KJPP SRR is responsible for the contents of the Fairness Opinion Report, including the
conclusions set out therein.
8. KJPP SRR has obtained from the Company information regarding the terms and
conditions of the agreements relating to the Transaction.
e. Fairness Opinion Approaches and Procedures
The methods and procedures applied in evaluating the Transaction comprise:
- qualitative analysis; and
- quantitative analysis.
f. Conclusion
Based on the fairness analysis performed in respect of the Transaction, KJPP SRR is of the
opinion that the Transaction is fair.
STATEMENT BY THE COMPANY’S BOARD OF DIRECTORS AND BOARD OF
COMMISIONERS
This Information Disclosure has been approved by the Board of Directors and the Board of
Commissioners of the Company. The Board of Directors and the Board of Commissioners of the
Company, both individually and collectively, hereby declare that:
1. In accordance with the provisions of Article 3 of POJK No. 42/2020, this Transaction has been
subject to adequate procedures to ensure that the Affiliated Transaction is conducted in
accordance with generally accepted business practices;
2. The Transaction as described above constitutes an Affiliated Transaction but does not contain a
Conflict of Interest as referred to in POJK No. 42/2020 and is not a material transaction as
referred to in OJK Regulation No. 17/POJK.04/2020 concerning Material Transactions and
Changes in Business Activities; and
3. To the best of our knowledge, all material information regarding the Transaction in this
Information Disclosure has been disclosed and such information is not misleading.
ADDITIONAL INFORMATION
Should the shareholders of the Company require further information in connection with the Transaction,
please contact:
PT MULTIPOLAR TBK
Corporate Secretary
Menara Matahari Lantai 20-21
27
Page 28
Jalan Boulevard Palem Raya No.7
Lippo Karawaci 1100
Tangerang 15811, Indonesia
Telephone: (021) 546-8888
Facsimile: (021) 547-5147
Website: www.mpc.id
Email: corsec@mpc.id
28
Names mentioned 42 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Balaraja Sentosa. CCP
p.2
unresolved
org
PT Citra Cito Perkasa. KJPP
p.2
unresolved
org
Minister of Law
p.2 ×16
unresolved
org
Minister of Law and Human Rights
p.2 ×11
unresolved
org
Financial Services Authority
p.2 ×2
unresolved
org
PT Surya Asri Lestari. Transaction Affiliated
p.2
unresolved
person
Sriwi Bawana Nawaksari
· Notaris
p.3 ×3
unresolved
person
Nurlani Yusup
· Notaris
p.5 ×38
unresolved
org
PT Matahari Pacific
p.6 ×5
unresolved
org
PT Mentari Sinar Persada
p.6 ×4
unresolved
org
PT Prima Mentari Persada
p.10
unresolved
person
Budiarti Karnadi
· Notaris
p.12
unresolved
org
Minister of Justice
p.12
unresolved
org
Central Jakarta District Court
p.12
unresolved
person
Siriwi Bawana Nawaksari
p.13
unresolved
org
KJPP SRR
p.15 ×37
unresolved
org
Minister of Finance
p.15
unresolved
org
KJPP SRR’s Proposal
p.15
unresolved
person
H. Valuation Conclusion Based
p.17 ×6
unresolved
person
K.H. Sholeh Iskandar
p.26
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
Rule parser
Needs review
confidence 0.091
9555 ms
12 Sep 2026 21:52
Raw output
{'appraiser_exempt': None,
'appraiser_name': '',
'assets': [],
'currency': None,
'fact_type': '',
'issuer_name': '',
'kind': 'MATERIAL_FACT',
'kjpp_name': '',
'letter_number': '',
'object_text': '',
'object_truncated': False,
'parties': [],
'pct_of_equity': None,
'reference_period': '',
'requires_rups': None,
'rups_date': None,
'ticker': '',
'transaction_date': None,
'valuation_date': None,
'value': None}