Executive Summary

Key insights and market outlook

PT Koka Indonesia Tbk (KOKA) shares surged 31.53% over five trading days as Ningbo Lixing Enterprise Management Co., Ltd. plans to acquire 63.5% of KOKA's issued and paid-up shares ¹

². The acquisition process is ongoing, with KOKA's management stating they are complying with Indonesian regulations, particularly in the capital market sector ¹.

Full Analysis

02

Deep Dive Analysis

KOKA Shares Experience Significant Surge Following Acquisition News

Acquisition Details and Market Reaction

PT Koka Indonesia Tbk (KOKA), a construction company listed on the Indonesia Stock Exchange, saw its shares rise significantly in early 2026 following an announcement about a planned acquisition by Ningbo Lixing Enterprise Management Co., Ltd. ¹

². The shares jumped 31.53% over five trading days, reaching a peak increase of 12.31% to Rp 292 on January 6, 2026 ².

Acquisition Process and Regulatory Compliance

Ningbo Lixing plans to acquire 63.5% of KOKA's issued and paid-up shares. KOKA's management confirmed that the acquisition process is ongoing and being conducted in accordance with Indonesian regulations, particularly those related to the capital market ¹

. The company is working to ensure full compliance with all relevant laws and regulations during this process.

Market Impact and Investor Reaction

The acquisition news had an immediate positive impact on KOKA's stock price. On January 6, 2026, the shares rose 12.31% to Rp 292, although they closed at Rp 280, still 7.69% higher ¹

. The significant price movement demonstrates investor confidence in the potential acquisition and its implications for KOKA's future.

References