Gunung Raja Paksi (GGRP) Officially Becomes Foreign Investment Company

Change in Ownership Structure

PT Gunung Raja Paksi Tbk (GGRP), listed on the Indonesia Stock Exchange, has officially transitioned from a domestic investment company (PMDN) to a foreign investment company (PMA) status as of December 15, 2025. This significant change in the company's legal status follows the incorporation of PT Apollo Visintama Putra, a foreign investment entity, into GGRP's capital structure, effectively making it the controlling shareholder.

Implications of Status Change

The transition to PMA status reflects the evolving ownership dynamics within GGRP. Management explained that this change aligns with the company's strategic direction following the entry of the new foreign investor. The shift is expected to potentially bring in new capital and business strategies that could enhance GGRP's competitive position in the steel industry.

Company Background

As a prominent player in Indonesia's steel production sector, GGRP's change in status could have significant implications for its operations and market positioning. The company's transition to a foreign investment company status may provide opportunities for technology transfer and international market access, potentially strengthening its market presence both domestically and internationally.

Future Outlook

While specific details about Apollo Visintama's plans for GGRP are not yet available, industry observers are closely watching how this change in ownership structure and company status will impact GGRP's future business strategies and financial performance. The development marks an important milestone in the company's history and could set a precedent for similar moves in the industry.