Multi Makmur Lemindo to Diversify Business Under New Ownership

Acquisition by Morris Capital Indonesia

PT Multi Makmur Lemindo Tbk (PIPA), previously focused on pipe manufacturing, is undergoing significant transformation following the acquisition by PT Morris Capital Indonesia. The new controlling entity has successfully taken over 1.71 billion shares, representing 49.92% of PIPA's total issued and paid-up capital.

Business Diversification Plans

PIPA's management, led by CEO Kevin Mayola, has expressed optimism about the future development of the company. The new controlling entity is expected to drive PIPA's business diversification and expansion plans. According to Mayola, the presence of the new investor will enable PIPA to grow more aggressively through strategic business diversification.

Strategic Growth Initiatives

The acquisition marks a significant milestone for PIPA as it transitions towards new business opportunities. The company's management believes that the change in ownership will bring fresh perspectives and strategic direction to the business. While specific details of the diversification plans are yet to be fully disclosed, industry observers expect PIPA to explore new markets and business segments that align with its existing capabilities and market demands.