Samindo Resources is a prominent investment holding corporation and also a public listed company in Indonesia, engaged in integrated coal mining services industry. As an integrated coal mining service company, we deliver the service that can provide solutions in every stage of coal mining operation.
The scope of Samindo Resources business includes four main activities in an integrated coal mining process. The company owns the majority of shares in four subsidiaries and operates two mining concessions in the province of East Kalimantan.
Samindo Resources shares are owned by various leading entities. Our goal is to create shareholder value in the long run by ensuring that we always stride for better performance.
Good Corporate Governance (GCG) is a reference for companies in running their daily operations to ensure that their operations are well manage. In line with the increased activity undertaken by PT Samindo Resources Tbk, the application of GCG principles is also increasing.
The practice of Corporate Social Responsibility (CSR) has the primary purpose of ensuring that the social interests of various stakeholder groups of Samindo Resources can be fulfilled appropriately and proportionately, especially for people living around the Company’s working environments.
PT Samindo Resources Tbk (MYOH) has completed the acquisition of PT Transkon Jaya Tbk (TRJA) shares on November 30, 2023.
The acquisition with a value of approximately IDR 307 billion has transferred a total of 1,117,548,000 TRJA shares previously owned by PT Damai Investama Sukses and PT MSJ Investama Abadi, or equivalent to 74% of TRJA's issued and fully paid-up capital.
Corporate Secretary of PT Samindo Resources Tbk Ahmad Zaki Natsir revealed, TRJA is a company engaged in leasing 4WD vehicles, which are the main supporting transportation tools in mining activities.
In the national mining sector, TRJA through more than 2,800 units of its 4WD vehicles has been spread across various well-known mining contractors in Indonesia. Call it Pama Persada and BUMA, who have long been loyal customers of TRJA.
Not only in coal mining, TRJA's services have also penetrated the nickel, copper or gold mining sectors.
“The acquisition of TRJA is the initial stage of a long journey in the company's transformation process. There are so many opportunities in the mining services sector that have attractiveness and very promising potential in the future,” Zaki said in an official statement, Thursday (30/11).
Zaki explained that this acquisition also further strengthens MYOH's position as an integrated coal mining service provider in Indonesia.
Previously, MYOH already had 3 main services in coal mining activities and also 1 supporting service, namely overburden removal, coal production, coal transportation and exploration drilling.
According to him, the joining of TRJA into MYOH, will certainly increase competitiveness in the national mining services industry.
“This acquisition will also be a bridge for the company to be able to explore more opportunities in the mining sector apart from coal. Moreover, the services offered by TRJA are not only focused on the coal sector, but also used in almost all mining activities,” concluded Zaki.
https://investasi.kontan.co.id/news/samindo-resources-myoh-selesaikan-akuisisi-transkon-jaya-trja-rp-307-miliar
