Cita Mineral Investindo (CITA) Increases Capital in Kalimantan Aluminium Industry
Tue 02 Sep 2025, 17:22 PM
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PT Cita Mineral Investindo Tbk (CITA) has increased its paid-up capital and issued capital in PT Kalimantan Aluminium Industry (KAI).
In an information disclosure to the Indonesia Stock Exchange (IDX) on August 29, 2025, KAI issued 1,896,312 new shares with a nominal value of IDR 1,896,312,000,000.
CITA subscribed to 237,039 of these new shares for a total nominal value of IDR 237,039,000,000, equivalent to USD 14,557,461. Other shareholders also participated proportionally based on their respective ownership stakes in the new share issuance.
As a result, KAI's shareholder composition now consists of PT Alamtri Indo Aluminium with 4,817,435 shares (65%) or a value of IDR 4,817,435,000,000; Aumay Mining Pte. Ltd with 1,667,574 shares (22.5%) or a value of IDR 1,667,574,000,000; and CITA with 926,430 shares (12.5%) or a value of IDR 926,430,000,000.
The transaction carried out by CITA is part of a series of transactions for the company's capital injection into KAI throughout 2025.
"CITA has injected a total capital of IDR 419,250,000,000 in the current year. This amount represents 5.5% of the company's equity as of December 31, 2024, which was IDR 7,621,208,264,673," stated Cita Mineral Investindo Director, Yusak Lumba Pardede, in an information disclosure on Monday (September 1, 2025).
CITA's management added that the purpose of this transaction is one of the company's steps to support KAI's aluminum smelter project located in the Kalimantan Industrial Park Indonesia, Bulungan Regency, North Kalimantan.
Through this smelter, CITA contributes to the downstreaming program by creating added value for alumina products and closing the gap between aluminum supply and demand.
"There are no unfavorable impacts on the company's operational activities, legal standing, financial condition, or business continuity as a result of this transaction," Yusak concluded.
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