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20240516_TPIA_Laporan Informasi dan Fakta Material_31639746_lamp2.pdf
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Press Release
Chandra Asri Group (TPIA) Included in Prestigious
MSCI Global Standard Indexes
Jakarta, 16 May 2024 – PT Chandra Asri Pacific Tbk (Chandra Asri Group) (IDX Code: TPIA),
a leading chemical and infrastructure solutions company in Indonesia, is proud to announce its
inclusion in the Morgan Stanley Capital International (MSCI) Global Standard Indexes for
Emerging Markets, based on its quarterly publication issued in London on 14 May 2024. The
inclusion of Chandra Asri Group will be implemented as of the market close of 31 May 2024. This
significant milestone reflects Chandra Asri Group's consistent performance, robust market
capitalization, and strong liquidity, aligning with MSCI's stringent inclusion criteria.
The inclusion of Chandra Asri Group in the MSCI Global Standard Indexes is a testament to its
solid financial performance, strategic growth initiatives, and commitment to sustainability. MSCI
recognized Chandra Asri Group's impressive market capitalization and free float-adjusted market
capitalization, which meet the thresholds for the index. This inclusion highlights Chandra Asri
Group's position as a key player in the global chemical and infrastructure industry.
Andre Khor, CFO of Chandra Asri Group gives his comment towards this inclusion, "Chandra
Asri Group is honored to be included in the MSCI Global Standard Indexes, a recognition that
underscores our commitment as a Growth Partner to delivering sustainable growth and value to
our shareholders. This inclusion also validates Chandra Asri Group's status as a leading entity in
the chemical and infrastructure industry, recognized for its operational excellence and strong
market presence."
“Chandra Asri Group's inclusion in the MSCI Global Standard Index is expected to enhance the
company's visibility to a broader range of institutional investors globally and can lead to greater
liquidity and potentially lower cost of capital. For current investors, this inclusion provides an
affirmation of Chandra Asri Group's solid market positioning and governance practices.” Andre
continued.
Andre Khor also said that the achievement reflects the hard work and dedication of Chandra
Asri Group’s team and it motivates the team to continue driving innovation and excellence in the
chemical and infrastructure sector. This achievement marks a significant milestone for Chandra
Asri Group, serving as a catalyst for its ongoing expansion into the international market and the
pursuit of its strategic goals.
Last week, Chandra Asri Group also made headlines with the strategic acquisition of Shell's
assets in Shell Energy and Chemical Park Singapore with its joint venture with Glencore Group.
This move is set to enhance Chandra Asri Group's regional presence and operational capacity,
further solidifying its leadership position in the chemical and infrastructure industry while also
strengthen Chandra Asri Group's business resilience through bigger scale and integration in
addition to driving expansion of product offerings and growth opportunity in Southeast Asian
market.
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About Chandra Asri Group Chandra Asri Group is Indonesia’s leading chemical and infrastructure solutions company, supplying products and services to various manufacturing industries in both domestic and international markets. With a history of 31 years and over 2,200 dedicated staff, the company incorporates state-of-the-art technologies and supporting facilities located strategically in the country’s petrochemical and industrial hubs, Cilegon and Serang. Chandra Asri’s chemical business is supported by core infrastructure assets encompassing strategic energy, electricity, water, jetty and tank farm facilities. For more information, please visit: http://www.chandra-asri.com
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