JAKARTA – PT Wahana Konstruksi Mandiri (WKM) has made a significant move in the construction sector, investing Rp43.12 billion to acquire a controlling stake of 62.72% in PT Asri Karya Lestari Tbk. (ASLI) from former shareholder Sujatmiko. This strategic acquisition positions WKM as the new powerhouse in ASLI’s operations.
The acquisition details were officially disclosed on Monday, January 20, 2026. Peter Handika, Director of Wahana Konstruksi Mandiri, confirmed that the transaction was executed based on Share Sale and Purchase Agreement Number 12, dated January 15, 2026. Under this agreement, WKM secured 3,920,000,000 (3.92 billion) shares, representing the decisive 62.72% ownership of ASLI, previously held by Sudjatmiko. The share transfer was conducted through a crossing mechanism on the Indonesia Stock Exchange (BEI) on Monday, January 19, 2026, with shares traded at Rp11 each, bringing the total transaction value to Rp43.12 billion.
With the completion of this transaction, WKM officially assumes the role of ASLI’s new controlling shareholder. In line with regulatory requirements, specifically POJK 9/2018, WKM is now mandated to undertake a Mandatory Tender Offer (MTO) for the remaining ASLI shares held by public shareholders. Handika articulated the rationale behind this strategic acquisition, stating, “The purpose and background of this acquisition are for business development, as WKM is also a company engaged in the construction sector. This acquisition is anticipated to foster a positive collaboration between ASLI’s established experience and WKM’s capabilities within the construction industry.”
Headquartered at Jl. Kodeco KM 2 Ruko Jhonlin Indah Blok B No.09, Simpang Empat, Tanah Bambu, South Kalimantan, PT Wahana Konstruksi Mandiri operates with a fully paid-up capital of Rp15 billion. The beneficial owner of WKM is Hariono, a prominent figure whose diverse portfolio includes several companies linked to the extensive business network of H. Andi Syamsuddin Arsyad, widely known as Haji Isam, such as PT Jhonlin Agro Raya Tbk. (JARR).
WKM’s impressive track record in construction services encompasses a broad spectrum of projects. This includes the development of various buildings, from essential industrial facilities and corporate offices to comfortable residential properties. Beyond vertical construction, WKM also boasts considerable experience in executing complex civil construction projects, ranging from vital road networks and irrigation systems to sturdy bridges and efficient drainage infrastructure.
“Through this takeover, WKM aims to realize significant business synergy between ASLI and WKM. This synergy will be particularly driven by leveraging each entity’s unique experiences, core competencies, and robust business portfolios within the construction industry,” WKM management elaborated. The ultimate vision is for ASLI to emerge as one of the largest and most influential players in the construction sector.
This strategic acquisition is expected to bolster business activities and significantly enhance the operational efficiency and effectiveness for both WKM and ASLI in the medium to long term. These forward-looking objectives will be pursued with strict adherence to principles of prudence, robust good corporate governance, and full compliance with all applicable laws and regulations.
Further strengthening WKM’s leadership, Peter Handika holds the position of Director, while Galih Setya Pradana serves as Commissioner.
Summary
PT Wahana Konstruksi Mandiri (WKM) has acquired a controlling stake of 62.72% in PT Asri Karya Lestari Tbk. (ASLI) from former shareholder Sujatmiko for Rp43.12 billion. This transaction, finalized through a share sale and purchase agreement and crossing on the Indonesia Stock Exchange, establishes WKM as ASLI’s new controlling shareholder. Consequently, WKM is now mandated to conduct a Mandatory Tender Offer for the remaining public shares in ASLI.
The strategic acquisition is driven by WKM’s objective for business development within the construction sector, where both companies operate. WKM aims to achieve significant business synergy by leveraging the unique experiences and competencies of both entities. This move is expected to bolster business activities, enhance operational efficiency, and ultimately position ASLI as a leading player in the construction industry.