Information Disclosure on Shares Subscription in PT Infei Metal Industry
PT Tanito Harum Nickel (“THN”), one of the subsidiaries of PT Harum Energy Tbk. (the “Company”) has acquired on 13 December 2021, 252,838 new shares or 9.8% of the total issued shares of PT Infei Metal Industry (“PT IMI”), with a purchase price of USD27,440,000, therefore increasing THN’s ownership in PT IMI to become 49%.
PT Infei Metal Industry is a limited liability company established in accordance with the Indonesian law and engaged in the nickel refining business (smelter).
The purpose of the transaction conducted by the Company is to increase its share ownership in the nickel processing and refining business.
This share purchase transaction is funded by internal cash of THN.
There is no material impact from the above purchase of shares toward the operational activities, legal, financial condition or business continuity of the Company.