JAKARTA — Singapore-based company, Natureverse Inc., has acquired 190.19 million shares of PT SLJ Global Tbk. (SULI) in a transaction valued at Rp28.52 billion. This significant move further solidifies Natureverse’s position within the Indonesian timber industry player.
Amir Sunarko, who serves as both the Director of Natureverse Inc. and the President Director of SLJ Global, confirmed that Natureverse Inc. purchased these 190.19 million SULI shares from UOB Kay Hian Pte. Ltd. The transaction was officially completed on October 9, 2025, marking a notable event for both companies.
The share purchase was executed at a price of Rp150 per share. Consequently, the total value of this specific SULI stock transaction amounted to Rp28.52 billion, reflecting a substantial investment in the company.
Notably, Natureverse is already a major shareholder and the controlling entity of PT SLJ Global Tbk. (SULI). The company’s headquarters are located at 4 Shenton Way, SGX Centre II, Singapore, underscoring its regional presence and strategic involvement.
Following this latest transaction, Natureverse Inc.’s ownership of SULI shares has significantly increased, rising from 779.22 million shares (12.33%) to 969.42 million shares (15.34%). Conversely, UOB Kay Hian Pte. Ltd.’s holdings in SULI decreased from 220.21 million shares (3.48%) to 30.01 million shares (0.47%).
“The purpose of this share purchase transaction is to adjust the status of direct and controlling share ownership,” stated Amir Sunarko in an information disclosure released on Tuesday, October 14, 2025, clarifying the strategic intent behind the acquisition.
According to a report by the Securities Administration Bureau PT Ficomindo Buana Register, major shareholders holding more than 5% of SULI’s shares as of September 30, 2025, included UOB Kay Hian Pte. Ltd. with 12.32%, Natureverse Inc. with 20.56%, Mataram Limited with 15.09%, and PT Putra Buana Indonesia Wood Industry with 5.16%. These figures provide a snapshot of the shareholder landscape just prior to the October transaction.
From a financial performance perspective, SULI reported total assets of US$43.6 million as of June 30, 2025. Concurrently, the company recorded total liabilities of US$27.94 million and total equity of US$15.65 million, indicating a stable financial structure in the first half of the year.
SULI also experienced a remarkable surge in its operating revenue, which reached US$7.14 million throughout the first semester of 2025. This represents a significant jump from US$1.08 million recorded during the same period in 2024. The revenue was primarily driven by SULI’s plywood exports, totaling 10,591 m3, complemented by local sales of 1,030 m3. A notable contributor to this impressive revenue growth was Canusa Woods Product Ltd., which accounted for a substantial US$2.62 million in plywood product sales.
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Summary
Singapore-based Natureverse Inc. has acquired 190.19 million shares of PT SLJ Global Tbk. (SULI) from UOB Kay Hian Pte. Ltd. for Rp28.52 billion. The transaction, completed on October 9, 2025, at Rp150 per share, increased Natureverse’s ownership in SULI from 12.33% to 15.34%. This move aims to adjust Natureverse’s direct and controlling share ownership, according to Amir Sunarko, Director of Natureverse and President Director of SULI.
Natureverse is already a major and controlling shareholder of SULI, an Indonesian timber industry player. SULI reported total assets of US$43.6 million and total equity of US$15.65 million as of June 30, 2025. Its operating revenue significantly surged to US$7.14 million in the first half of 2025, largely driven by plywood exports.