Sanneng-KY Subsidiary PT. Sanneng Asia Industry Indonesia Announces Intention to Acquire Land in Indonesia

Key facts

  • Sanneng-KY Subsidiary PT. Sanneng Asia Industry Indonesia Announces Intention to Acquire Land in Indonesia
  • PT. Sanneng Asia Industry Indonesia, a subsidiary of Sanneng-KY, has announced plans to acquire land within the Taifa Industrial Park in Subang Regency, West Java, Indonesia. The total transaction value is up to USD 2.83 million (exclusive of tax), aimed at supporting business expansion and operational needs.
  • Source: PR Times
  • Date: June 26, 2026

Direct answer

PT. Sanneng Asia Industry Indonesia, a subsidiary of Sanneng-KY, has announced plans to acquire land within the Taifa Industrial Park in Subang Regency, West Java, Indonesia. The total transaction value is up to USD 2.83 million (exclusive of tax), aimed at supporting business expansion and operational needs.

Citation
Sanneng-KY Subsidiary PT. Sanneng Asia Industry Indonesia Announces Intention to Acquire Land in Indonesia (June 26, 2026), PR Times
Source
PR Times
Date
June 26, 2026
PT. Sanneng Asia Industry Indonesia, a subsidiary of Sanneng-KY, has announced plans to acquire land within the Taifa Industrial Park in Subang Regency, West Java, Indonesia. The total transaction value is up to USD 2.83 million (exclusive of tax), aimed at supporting business expansion and operational needs.

📋 Article Processing Timeline

  • 📰 Published: June 26, 2026 at 09:00
  • 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
  • 🤖 AI Analyzed: June 27, 2026 at 17:58 (58 min after Collected)
1. Name and nature of the subject property (e.g., land located at XX Section, XX Minor Section, North District, Taichung City):
Land located in Taifa Industrial Park, Gunungsembung, Pagaden, Subang Regency, West Java, Indonesia.

2. Date on which the fact occurred: June 26, 2026 ~ June 26, 2026

3. Date approved by the Board of Directors: June 26, 2026

4. Other approval dates: Not applicable

5. Quantity of units (e.g., XX square meters, equivalent to XX ping), unit price, and total transaction amount:
Total transaction amount: Up to USD 2.83 million (exclusive of tax)
Actual quantity, unit price, and total transaction amount will be determined upon final contract signing.

6. Counterparty and its relationship with the company (if the counterparty is an individual and not a related party, name disclosure may be omitted):
Counterparty: PT. Taifa Jaya Development
Relationship with the company: Not a related party

7. If the counterparty is a related party, state the reason for selecting such party, previous transferor, relationship among the company, counterparty, and previous transferor, transfer date, and transfer amount:
Not applicable

8. If the property’s owner within the past five years was a related party of the company, disclose the date and price of acquisition/disposal and the relationship with the company at the time:
Not applicable

9. Estimated gain (or loss) on disposal (not applicable for asset acquisition) (if deferred, provide details of recognition):
Not applicable

10. Delivery or payment terms (including payment schedule and amounts), contractual restrictions, and other important agreements:
Delivery or payment terms: As stipulated in the sales contract
Contractual restrictions: None
Other important agreements: None

11. Method of transaction determination (e.g., bidding, comparison, negotiation), reference basis for price determination, and decision-making body:
Method: Negotiation between both parties
Price reference basis: Market conditions
Decision-making body: Board of Directors

12. Name of professional appraiser firm or company and appraisal value:
KJPP RONNY NASRUN ADNAN DAN REKAN
IDR 49,688,650,000 (approximately USD 2,776,948)

13. Name of professional appraiser:
R.N. Adnan, Dipl. Ing, M. Sc, Ph.D, MAPPI, Cert.

14. Appraiser’s license number:
P-1.09.00197

15. Whether the appraisal report reflects a limited, specific, or special price: No or not applicable

16. Whether the appraisal report has not yet been obtained: No or not applicable

17. Reason for not obtaining the appraisal report:
Not applicable

18. If there is a significant difference in appraisal results, explain the reason and include auditor’s opinion:
Not applicable

19. Name of accounting firm:
Not applicable

20. Name of accountant:
Not applicable

21. Accountant’s license number:
Not applicable

22. Broker and brokerage fees:
Not applicable

23. Specific purpose or use of the acquisition or disposal:
To meet business development and operational needs

24. Opinion of any director who objected to the transaction:
None

25. Whether this transaction is a related-party transaction: No

26. Date of supervisor approval or audit committee consent:
June 26, 2026

27. Whether the transaction involves acquiring real estate or right-of-use assets from a related party: No

28. Valuation price under Article 16 of the “Regulations on the Acquisition or Disposal of Assets by Publicly Issued Companies”: Not applicable

29. Valuation price under Article 17 of the same regulations if the valuation under the previous item is lower than the transaction price: Not applicable

30. Previous date on which material information was disclosed regarding the same event: Not applicable

31. Other explanatory matters:
USD exchange rate based on Taiwan Bank’s closing average rate of 31.85 on June 25, 2026, for conversion to TWD
IDR exchange rate based on Taiwan Bank’s closing average rate of 0.00178 on June 25, 2026, for conversion to TWD

FAQ

Where exactly is the land being acquired by Sanneng-KY's subsidiary located?

The land is located in the Taifa Industrial Park, Gunungsembung, Pagaden, Subang Regency, West Java, Indonesia.

How does the acquisition price compare to market value?

The professional appraisal valued it at approximately USD 2.777 million, making the USD 2.83 million transaction price market-competitive.

Who approved this transaction?

The Board of Directors and supervisors of Sanneng-KY approved it on June 26, 2026.