Rancak Media – JAKARTA — PT Cakra Buana Resources Energi Tbk. (CBRE), a prominent issuer in the shipping services sector, is poised to undertake a significant corporate action. The company has announced plans for a substantial capital increase through a rights issue, offering a maximum of 48 billion new shares.
This strategic move, a capital increase with pre-emptive rights (PMHMETD), awaits shareholder approval at an Extraordinary General Meeting of Shareholders (EGM) scheduled for December 18, 2025. The initiative aims to fortify the company’s financial foundation and pave the way for future growth.
According to CBRE’s information disclosure published on Monday, November 10, 2025, each new share to be issued will have a par value of Rp25. The rights issue is designed to achieve several critical objectives: strengthening the company’s capital structure, attracting new investors, and enhancing its overall financial position.
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Management elaborated that the net proceeds from the rights issue, after deducting issuance costs, will be strategically allocated. A portion will be used to settle outstanding debts to third parties, while the remainder will be channeled into working capital needs and crucial capital expenditure (CapEx) for expanding the company’s vessel fleet. This expansion is vital for maintaining CBRE’s competitive edge in the dynamic shipping industry.
“The PMHMETD is expected to reinforce our capital structure and create valuable opportunities for investors to participate in our journey, ultimately adding significant value to the company’s performance,” stated CBRE management in their official disclosure, underscoring the potential benefits for existing and prospective shareholders.
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Debt Conversion into Shares
An integral part of this rights issue is CBRE’s intention to repay a portion of its debt through a debt-to-equity swap mechanism. As per the interim financial report dated October 31, 2025, four key promissory note agreements form the basis for this conversion:
- Hilong Shipping Holding Limited: US$25 million
- Yafin Tandiono Tan: US$11 million
- PT Saga Investama Sedaya: US$12.5 million, and
- PT Superkrane Mitra Utama Tbk.: US$6.5 million.
CBRE management confirmed that on November 10, 2025, the company received official conversion notification letters from all four creditors. These letters express their firm interest in converting their respective loans into new shares during the upcoming rights issue, signaling strong confidence in CBRE’s future prospects.
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To ensure a smooth execution of the rights issue, CBRE has outlined several key stages:
- Announcement of EGM: November 10, 2025
- Call for EGM: November 25, 2025
- Record Date for Shareholders Entitled to Attend (DPS): November 24, 2025
- Execution of EGM: December 18, 2025
The actual execution of the rights issue will commence only after obtaining an effective statement from the Financial Services Authority (OJK) and is anticipated to take place within a maximum period of 12 months following the EGM’s approval. The definitive number of new shares, the final exercise price, and detailed allocation rights will be comprehensively disclosed in the official rights issue prospectus that the company will subsequently publish.
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Summary
PT Cakra Buana Resources Energi Tbk. (CBRE), a shipping services issuer, plans a significant capital increase through a rights issue (PMHMETD) by offering a maximum of 48 billion new shares, each with a par value of Rp25. This strategic move aims to fortify the company’s capital structure, attract new investors, and enhance its overall financial position. The net proceeds will be allocated to settle outstanding debts and fund working capital needs along with crucial capital expenditure for expanding its vessel fleet.
A key aspect of this rights issue involves converting a portion of CBRE’s debt into shares, with four creditors expressing interest in converting promissory notes totaling US$55 million. The Extraordinary General Meeting of Shareholders (EGM) to approve this capital increase is scheduled for December 18, 2025. The actual execution of the rights issue will occur within 12 months after obtaining an effective statement from the Financial Services Authority (OJK).
