In September 2025, multiple Chinese companies acquired shares of Indonesian listed companies, driving significant stock price increases. Key acquisition cases include: PT Tourindo Guide Indonesia (PGJO) saw a 61.96% stake acquired by China's Zhengyu Global Trading, with its stock price surging 957.89% year-to-date to IDR 1,105 per share, transitioning from a travel tech platform to commodity trading.
PT Bangun Karya Perkasa Jaya (KRYA) acquired a 51% stake in electric vehicle company PT Green City Traffic, causing its stock price to soar 326.92% to IDR 222 per share. It also plans to raise IDR 200-300 billion through a rights issue to expand its EV business; PT Koka Indonesia (KOKA) is being targeted for a 63.5% stake acquisition by Ningbo Lixing Enterprise Management Co., Ltd., with its stock price hitting the daily 34.31% upper limit.
The above acquisitions indicate that China's "Belt and Road" initiative is driving investment in Southeast Asia. The relatively low valuations of Indonesian listed companies attract foreign capital, and acquirers generally plan business integration and efficiency improvements. The electric vehicle sector has become an investment hotspot (KRYA targets sales of 1 million vehicles in 5 years), while traditional companies are achieving business transformation through acquisitions.
In September 2025, multiple Chinese companies acquired shares of Indonesian listed companies, driving significant stock price increases. Key acquisition cases include: PT Tourindo Guide Indonesia (PGJO) saw a 61.96% stake acquired by China's Zhengyu Global Trading, with its stock price surging 957.89% year-to-date to IDR 1,105 per share, transitioning from a travel tech platform to commodity trading.
PT Bangun Karya Perkasa Jaya (KRYA) acquired a 51% stake in electric vehicle company PT Green City Traffic, causing its stock price to soar 326.92% to IDR 222 per share. It also plans to raise IDR 200-300 billion through a rights issue to expand its EV business; PT Koka Indonesia (KOKA) is being targeted for a 63.5% stake acquisition by Ningbo Lixing Enterprise Management Co., Ltd., with its stock price hitting the daily 34.31% upper limit.
The above acquisitions indicate that China's "Belt and Road" initiative is driving investment in Southeast Asia. The relatively low valuations of Indonesian listed companies attract foreign capital, and acquirers generally plan business integration and efficiency improvements. The electric vehicle sector has become an investment hotspot (KRYA targets sales of 1 million vehicles in 5 years), while traditional companies are achieving business transformation through acquisitions.