Bangun Kosambi Establishes New Subsidiary for PIK2 Development

Business Expansion Strategy

PT Bangun Kosambi Sukses Tbk (CBDK), a property development company listed on the Indonesian Stock Exchange, has taken a significant step in expanding its business operations by establishing a new subsidiary called PT Samudra Mega Utama (SMU). The new entity was officially registered on December 9, 2025, as disclosed by CBDK in its information disclosure dated December 16, 2025.

Ownership Structure

CBDK holds a 99.6% stake in the new subsidiary through its existing subsidiary, PT Agung Surya Gemerlap (ASGE). This layered ownership structure demonstrates CBDK's strategic approach to managing its expanding business interests while maintaining control over its various development projects.

Business Activities

The newly established PT Samudra Mega Utama is authorized to conduct various business activities as specified in its articles of incorporation. These activities include:

• Real estate activities involving owned or leased properties (KBLI 6811)
• Holding company activities (KBLI 64200)
• Other management consultancy activities (KBLI 70209)

Market Reaction

The announcement of the new subsidiary had a positive impact on CBDK's stock performance. As of 11:59 WIB on December 17, 2025, CBDK's shares had risen by 1.88% to Rp 9,457 per share. This market reaction suggests investor confidence in CBDK's strategic expansion plans and its potential to create value through new business ventures.

Strategic Implications

The establishment of PT Samudra Mega Utama is part of CBDK's broader strategy to develop the PIK2 area, which is expected to contribute to the company's growth prospects. By creating a dedicated entity for this purpose, CBDK is positioning itself to capitalize on emerging opportunities in the property development sector while maintaining a structured approach to its various business initiatives.