Indonesian business giants enter industrial real estate and healthcare

The CEO of Indonesia's Djarum Group explains the group's entry into the industrial real estate and healthcare sectors through its investment arm, Dwimuria Investama Andalan.The group sees a bright future for industrial real estate and healthcare, which will maintain business continuity in the face of global uncertainty. At the same time, there is a "family insecurity" that the existing core business (tobacco) may disappear, with reference to the disappearance of other industries (e.g. palm oil, Japanese related industries). He emphasized that the Group and its team are capable of developing new areas of business that are not related to the core business. The Group is gradually acquiring shares in PT Surya Semesta Internusa Tbk (SSIA), with a holding of 5.32% as of July 9, 2025; SSIA is developing the Subang Smartpolitan Integrated Industrial Zone, which has attracted major companies such as BYD. It also acquired 559.19 million shares of PT Medikaloka Hermina Tbk (HEAL) at 1,875 rupiah per share (a premium of 32% from the market price) through an over-the-counter transaction totaling about 1.04 trillion rupiah. The group made the large-scale acquisition at a time when the performance of the above two companies was not yet at its best.