JAKARTA – PT Megalestari Epack Sentosaraya Tbk (EPAC), a company specializing in plastic packaging manufacturing, is poised for a significant change in ownership. This development comes after the company was informed that its former controlling shareholder had entered into an agreement to divest their entire stake.
The crucial agreement, known as the Share Sale and Purchase Agreement (PJBS), was formally signed on Monday, May 25, 2026. This binding pact was established between the controlling shareholder and PT Triple Berkah Bersama (Triple B), as disclosed by Noprian Fadli, Director of Triple Berkah Bersama, in an information disclosure to the Indonesia Stock Exchange (BEI). Bahar, President Director of Megalestari Epack Sentosaraya, further elaborated in the disclosure that, pursuant to this agreement, Triple B is set to acquire all shares held by the controlling shareholder (PSP) in the company.
Under the terms of the agreement, Triple B plans to purchase all EPAC shares from the PSP through a negotiated market transaction. The agreed price is Rp 12 per share, which will result in Triple B owning a total of 1,141,671,100 shares from the PSP, Noprian confirmed.
This substantial acquisition implies that Triple B will disburse approximately Rp 13.7 billion for the takeover of EPAC shares. This transaction, often referred to as a backdoor listing, will be executed in two distinct stages. The initial phase will see Triple B acquire 541,666,667 EPAC shares by Wednesday, June 24, 2026. The subsequent stage involves the purchase of an additional 600,004,433 shares, which is slated to be completed no later than Thursday, July 23, 2026.
Upon the successful completion of these two transactional phases, all EPAC shares currently held by the PSP, which collectively represent 34.56% of the company’s issued and fully paid capital, will be entirely transferred to Triple B.
However, Noprian emphasized that the signing of the PJBS itself does not yet signify the effective change of the company’s controlling shareholder at EPAC. He stated, “The parties have also agreed to ensure that the entire process of transferring shares from the old PSP to Triple B will consistently adhere to and be subject to all applicable laws and regulations in the capital market sector.”
Reflecting recent market performance, EPAC shares experienced a decline of 6.58% to Rp 71 per share on Friday, May 25, 2026. Over the past month, the stock price of EPAC has seen a cumulative decrease of 10.13%.
Currently, the primary shareholders of EPAC include PT Omni Multi Industrindo, holding 800 million shares, equivalent to 24.22%. Drs Ryan Permana possesses 664.79 million shares, representing 20.12%. Nessy Sarinda owns 476.87 million shares, amounting to 14.44%, while Suhanda Wijaya holds 225.4 million shares, or 6.82%. Additionally, Bahar has a 5.5% stake, corresponding to 181.76 million shares.
Summary
PT Triple Berkah Bersama (Triple B) has officially entered into an agreement to acquire a 34.56% stake in PT Megalestari Epack Sentosaraya Tbk (EPAC) from its current controlling shareholder. The transaction, valued at approximately Rp 13.7 billion, involves the purchase of over 1.14 billion shares at a price of Rp 12 per share. This strategic move is being executed through a negotiated market transaction and is classified as a backdoor listing.
The acquisition will be completed in two stages, with the final transfer of shares scheduled to conclude by July 23, 2026. Triple B confirmed that the process will strictly adhere to all applicable capital market regulations before the change in control becomes effective. Despite this announcement, EPAC shares have recently experienced a decline, reflecting broader negative performance trends for the company over the past month.