MDIY Shareholding Structure Undergoes Significant Changes

Major Transaction Overview

PT Daya Intiguna Yasa Tbk (MDIY) experienced a substantial restructuring of its shareholding structure following a major transaction in December 2025. The transaction involved Azara Alpina Sdn. Bhd transferring 12.74 billion shares to multiple entities, effectively changing the company's ownership landscape.

Key Shareholding Changes

• MDIH (Singapore) Pte Ltd increased its stake to 8.89 billion shares (35.32%) from previous 3.69 billion shares
• Tan Yu Teh's holding rose to 3.54 billion shares (14.07%) from 1.65 billion shares
• Suncoast Financial Investment Ltd's stake grew to 5.83 billion shares (23.16%) after acquiring 4.02 billion additional shares
• Tan Yu Wei's ownership reached 1.4 billion shares (5.58%)
• Other recipients included Maya Asia Limited (0.63%) and Indosiam Pte Ltd (0.45%)

Business Context

This significant share restructuring occurred shortly after MDIY's strategic expansion milestone - the opening of their 1,200th store in Sumbawa, Nusa Tenggara Barat. Company CEO Edwin Cheah highlighted that Sumbawa was chosen due to its growing economic potential and increasing household consumption. The store marked the fourth MDIY outlet in Sumbawa and the 23rd in Nusa Tenggara Barat, demonstrating the company's commitment to expanding in regions showing positive growth momentum.

Implications

The share transfer effectively ended Azara Alpina's holding in MDIY, while consolidating stakes among key investors. This change in shareholding structure may have significant implications for the company's future strategic direction and corporate governance. The transaction demonstrates both a restructuring of existing ownership and a vote of confidence in MDIY's expansion strategy, particularly in eastern Indonesia regions.