PT Cakra Buana Resources Energi Tbk (CBRE) is embarking on a significant corporate action with its first Pre-emptive Rights Issue (PMHMETD I), commonly known as a rights issue. Through this strategic move, the company aims to secure a substantial fresh capital injection of IDR 1.9 trillion.
According to the company’s information disclosure, CBRE plans to issue a maximum of 12.76 billion new shares. The execution price for this rights issue has been set within a range of IDR 100 to IDR 150 per share, reflecting a calculated valuation for the offering.
To ensure the successful absorption of the shares, CBRE has appointed several standby buyers. These entities and individuals are committed to purchasing any unsubscribed shares that are not taken up by existing shareholders during the rights issue period.
The detailed list of CBRE’s standby buyers includes:
- PT Gunanusa Utama Fabricators
- Global Tower Investment Limited
- Andry Hakim
- Gabriel Rey
Amanda Octania, Director and Corporate Secretary of CBRE, affirmed in an information disclosure to the Indonesia Stock Exchange (BEI) on Thursday, May 21, 2026, that these standby buyers have expressed their readiness to acquire all remaining shares not subscribed by HMETD holders, in accordance with the terms and conditions outlined in the signed agreements.
The appointment of these standby buyers is crucial for guaranteeing the optimal realization of CBRE’s targeted funds from PMHMETD I. “In connection with this appointment, each standby buyer has submitted a statement of capability along with other supporting documents as per the regulations of the Financial Services Authority (OJK) and applicable laws, which have been received by the Company. These documents will subsequently be submitted by CBRE to relevant agencies and/or authorities,” Amanda stated in a press release.
All pertinent information concerning the standby buyers, including their identities, affiliation relationships, and the key terms of their agreements, will be fully disclosed in the PMHMETD I Prospectus, providing complete transparency to investors.
Earlier, two of CBRE’s major shareholders, PT Omudas Investment Holdco with a 61.13% stake and PT Republik Capital Indonesia with 11.30%, declared their intention not to exercise their pre-emptive rights. Instead, they plan to transfer part or all of their HMETD to other investors.
Furthermore, several strategic investors are slated to participate in this rights issue by converting their existing loans into shares. Hilong Shipping Holding Limited intends to convert approximately IDR 420 billion in loans. PT Saga Investama Sedaya is set to convert around IDR 210 billion, Yafin Tandiono Tan approximately IDR 184.8 billion, and PT Superkrane Mitra Utama Tbk (SKRN) about IDR 109.2 billion.
Through this strategic conversion mechanism, a portion of CBRE’s liabilities will transform into equity, which is expected to significantly reduce the company’s debt burden on its financial statements while simultaneously fortifying its capital structure, paving the way for greater financial stability.
This rights issue is also a pivotal component of CBRE’s broader business transformation strategy. The company is actively expanding its operations into international offshore support services, catering to the burgeoning energy and mining sectors, marking a significant step in its global reach.
In alignment with this expansion, CBRE’s asset structure has undergone substantial changes. The company’s total assets have surged to approximately IDR 2 trillion, primarily driven by the strategic acquisition of new vessels and the overall expansion of its operational fleet.
While this rights issue has the potential to cause dilution of up to approximately 73.76% for shareholders who do not exercise their HMETD, it is important to note that this corporate action will not alter CBRE’s controlling shareholder structure, ensuring continuity in leadership.
In this corporate action, every holder of 90 old shares recorded as of June 2, 2026, will be entitled to receive 253 HMETD. The trading and exercise period for these pre-emptive rights is scheduled to take place from June 4 to June 10, 2026.
Beyond Republik Capital and Omudas, other significant shareholders in CBRE include Andry Hakim with 5.07%, and the public holding a collective 22.5% of the shares.
On Friday, May 22, 2026, CBRE’s stock price experienced a notable increase, rising by 24.46% to IDR 865 per share. However, looking at the performance over the last five days, the stock has seen a decline of 11.73%, indicating recent market fluctuations.
Summary
PT Cakra Buana Resources Energi Tbk (CBRE) is launching its first rights issue to raise IDR 1.9 trillion by issuing up to 12.76 billion new shares priced between IDR 100 and IDR 150. To guarantee the fund target, the company has appointed standby buyers including PT Gunanusa Utama Fabricators, Global Tower Investment Limited, Andry Hakim, and Gabriel Rey. While major shareholders plan to transfer their rights, strategic investors will convert approximately IDR 924 billion of debt into equity to strengthen the company’s capital structure.
The proceeds from this corporate action will support CBRE’s expansion into international offshore support services and significantly reduce its debt liabilities. The trading and exercise period for the pre-emptive rights is scheduled from June 4 to June 10, 2026. Although non-participating shareholders face a potential dilution of 73.76%, the rights issue is intended to provide financial stability without altering the company’s controlling leadership.