Several Chinese firms acquire stakes in listed Indonesian companies

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In September 2025, a number of Chinese companies acquired stakes in listed Indonesian companies, driving related stock prices sharply higher.Major acquisitions include:PT Tourindo Guide Indonesia (PGJO) has been acquired 61.96% shares by China's Zhengyu Global Trading, with shares rising 957.89% to 1105 rupiahs/share during the year, transforming itself from a travel tech platform into a commodities trader.

PT Bangun Karya Perkasa Jaya (KRYA) acquired 51% stake in electric car company PT Green City Traffic, shares soared 326.92% to 222 rupiahs/share, and also plans to raise 200-300 billion rupiahs to expand its electric car business through additional issuance; PT Koka Indonesia (KOKA) was proposed to acquire 63.5% shares by Ningbo Lixing Enterprise Management Co, Ltd, and its share price touched 34.31% stop limit in a single day.

These acquisitions indicate that China's "One Belt, One Road" strategy is driving investment in Southeast Asia, the low valuation of listed companies in Indonesia is attracting foreign investment, and acquirers are generally planning to consolidate their businesses and improve efficiency.The electric vehicle sector has become an investment hotspot (KRYA aims to sell 1 million units in 5 years) Traditional companies are transforming their businesses through acquisitions.

# Chinese Capital Express