ADHI and PTBA Shares Rise Ahead of Extraordinary General Meeting

Strong Market Reaction

Shares of two state-owned enterprises, PT Adhi Karya Tbk (ADHI) and PT Bukit Asam Tbk (PTBA), showed significant movement today as they prepare for their Extraordinary General Meeting (RUPSLB). At the opening of trading, ADHI's stock price surged 4.84% to Rp 260 per share, while PTBA's stock recorded a more modest gain of 0.44% to Rp 2,770 per share.

RUPSLB Agenda and Significance

The RUPSLB for ADHI is scheduled to take place at 14:00 WIB at Gedung MTH 27 Office Suites, Jakarta Timur. One of the key agenda items is the approval of amendments to the company's articles of association. According to the company's management, this adjustment is necessary to align with the newly enacted Law No. 16/2025 and to ensure consistent implementation of Good Corporate Governance (GCG) within the organization.

Market Implications

The positive stock movement indicates investor confidence in the upcoming decisions to be made during the RUPSLB. The amendments to the articles of association are seen as a positive step towards regulatory compliance and better corporate governance. This development is particularly significant for state-owned enterprises like ADHI and PTBA, as it reflects their commitment to transparency and good governance practices.