Boston Furnitures to Divest Furniture Business, Enters Energy Sector

Strategic Business Shift

PT Boston Furniture Industries Tbk (SOFA) has announced plans to divest its core furniture business in the first quarter of 2026. This decision comes after PT Asia Investment Capital (AIC) became the company's new controlling shareholder following the completion of their transaction on October 24, 2025.

Divestment Preparation

According to Yohan Satya, the company's CEO, Boston Furniture Industries is currently assessing the potential for divesting its main furniture business. The company is preparing for the valuation process as part of the divestment procedure. This strategic move indicates a significant change in the company's business direction.

Expansion into Energy Sector

The company is also exploring opportunities in the energy sector as part of its new business strategy. This expansion into a new industry marks a major shift from its traditional furniture manufacturing business. The exact details of the energy sector involvement are still being developed.

Impact of New Controlling Shareholder

The entry of PT Asia Investment Capital (AIC) as the new controlling shareholder has brought about this strategic change. The transaction completed on October 24, 2025, has led to a reevaluation of Boston Furniture's business portfolio and future direction.