Techno9 Indonesia Expands into Mining Sector with Poh Group Backing

Strategic Business Transformation

PT Techno9 Indonesia Tbk (NINE), backed by its majority shareholder Poh Group from Singapore, is embarking on a significant business expansion into the mining sector. The strategic move involves integrating Poh Group's Mongolian mining assets into NINE's portfolio through a planned rights issue.

Key Details of the Expansion

1. Rights Issue Mechanism: The integration will be executed through a Penambahan Modal dengan Hak Memesan Efek Terlebih Dahulu (PMHMETD) or rights issue mechanism.
2. Timeline: NINE plans to register the rights issue by Q2 2026 at the latest.
3. Asset Details: The assets to be integrated are owned by Poh Golden Ger Resources Pte Ltd (PGGR), a Poh Group subsidiary.
4. Strategic Impact: This move marks a new chapter in NINE's business transformation, positioning the company as a significant player in the mining sector both in Indonesia and regionally.

Management's Perspective

Nuzwan Gufron, CEO of Techno9 Indonesia, stated that this corporate action is a strategic follow-up to Poh Group's roadmap as the majority shareholder. He emphasized that the acquisition of the Mongolian mining assets will have a positive impact on the company's shareholders.

Market Implications

This expansion into the mining sector represents a significant shift in NINE's business focus, backed by the strong support of Poh Group. The planned rights issue is expected to strengthen NINE's financial position and enhance its market presence in the mining industry.