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PT Radiant Utama Interinsco Tbk Divests Entire Stake in Sorik Marapi Geothermal Power

GEOTHERMAL

PT Radiant Utama Interinsco Tbk’s subsidiary, PT Supraco Indonesia, has sold its entire stake in PT Sorik Marapi Geothermal Power. The transaction involved selling 266 shares for $7.46 million to OTP Geothermal Pte Ltd through a debt offset arrangement, alongside a direct cash sale of 107 shares for $3 million to KS Orka.

The proceeds will be reinvested in other business ventures or used for working capital. This transaction is deemed material as it exceeds 20% but less than 50% of the company's equity, yet does not require shareholder approval due to the nature of the deal.

Sep 17, 2025, 7:24 AM

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