The CEO of Indonesia's Djarum Group explains the reasons for the group's expansion into industrial real estate and healthcare through its investment arm, Dwimuria Investama Andalan. The group believes these sectors have bright prospects and can sustain business continuity amid global uncertainties. There is also a 'family insecurity' about the potential disappearance of the core tobacco business, drawing parallels to other industries (e.g., palm oil, certain Japanese industries) that have faded. He emphasized that the group and its team have the capability to venture into new business areas unrelated to the core business. The group has been gradually acquiring shares of PT Surya Semesta Internusa Tbk (SSIA), reaching a 5.32% stake as of July 9, 2025. SSIA is developing the Subang Smartpolitan integrated industrial zone, which has attracted major companies such as BYD. In addition, it acquired 559.19 million shares of PT Medikaloka Hermina Tbk (HEAL) through an off-market transaction at IDR 1,875 per share (a 32% premium over market price), with a total transaction value of approximately IDR 1.04 trillion. The group made these large-scale acquisitions when the two companies' performance had not yet reached optimal levels.
The CEO of Indonesia's Djarum Group explains the reasons for the group's expansion into industrial real estate and healthcare through its investment arm, Dwimuria Investama Andalan. The group believes these sectors have bright prospects and can sustain business continuity amid global uncertainties. There is also a 'family insecurity' about the potential disappearance of the core tobacco business, drawing parallels to other industries (e.g., palm oil, certain Japanese industries) that have faded. He emphasized that the group and its team have the capability to venture into new business areas unrelated to the core business. The group has been gradually acquiring shares of PT Surya Semesta Internusa Tbk (SSIA), reaching a 5.32% stake as of July 9, 2025. SSIA is developing the Subang Smartpolitan integrated industrial zone, which has attracted major companies such as BYD. In addition, it acquired 559.19 million shares of PT Medikaloka Hermina Tbk (HEAL) through an off-market transaction at IDR 1,875 per share (a 32% premium over market price), with a total transaction value of approximately IDR 1.04 trillion. The group made these large-scale acquisitions when the two companies' performance had not yet reached optimal levels.