Crypto Entrepreneur Gabriel Rey Among Standby Buyers for Indonesia’s Cakra Buana $120 Million Rights Issue

JAKARTA, Investortrust.id — Indonesian coal shipping and logistics provider PT Cakra Buana Resources Energi Tbk (CBRE) is lining up a consortium of private and industrial backers to anchor its upcoming capital expansion plan.

The Jakarta-listed company secured four standby buyers to absorb any unsubscribed shares in a rights issue aimed at raising up to Rp 1.91 trillion ($120.1 million). The equity call underscores the company's push to secure funding for its dry-bulk shipping infrastructure amid tightening global financial conditions.

This capital raise signals how mid-tier Indonesian commodity logistics firms are relying on a mix of private domestic investors and local industrial players to guarantee equity financing. By securing backup buyers, CBRE completely derisks its funding targets. This liquidity buffer gives the company a baseline to scale its fleet and manage operational costs without relying entirely on volatile public market participation.

Backed by Tech and Industrial Investors

According to a disclosure filed with the Indonesia Stock Exchange (IDX) on Saturday, May 23, 2026, the logistics firm finalized its roster of standby buyers. The group features PT Gunanusa Utama Fabricators, a local heavy industrial manufacturer, and Global Tower Investments Limited, alongside private investor Andry Hakim.

The most notable individual backer anchoring the deal is Gabriel Rey, a tech entrepreneur from Surabaya. Rey is the founder and CEO of Triv, a localized, licensed crypto asset trading platform operating in Indonesia.

Management confirmed that all four standby buyers have submitted formal commitment letters backed by verified documentation to absorb any leftover shares from retail investors.

Defying Geopolitical Headwinds

Under the current framework, CBRE will issue a maximum of 12.76 billion new shares. The execution price is set to float between Rp 100 and Rp 150 per share, giving the company a highly flexible valuation runway to capture the full target amount of Rp 1.91 trillion ($120.1 million).

Company leadership remains committed to pushing the corporate action forward to accelerate internal growth timelines.

“We remain optimistic that this step will strengthen our capital structure while supporting CBRE's future business development,” CBRE Chief Executive Officer Suminto Husin Giman stated in an official announcement on Saturday, May 23, 2026.

Giman emphasized that pressing ahead with the rights issue is the correct tactical path to optimize capital flexibility even as global geopolitical tensions create ripples across broader emerging markets.