Chinese Swiftlet Nest Giant Xiamen Yan Palace Boosts Stake in Indonesia’s NEST to 5%

JAKARTA, investortrust.id—Chinese swiftlet nest producer Xiamen Yan Palace Bird’s Nest Industry Co. Ltd has raised its stake in Indonesian exporter PT Esta Indonesia Tbk to 5%, acquiring an additional 8.22 million shares in a deal valued at $1.9 million as part of a broader bet on Southeast Asia’s leading bird’s nest market.

Esta Indonesia, traded on the Indonesia Stock Exchange under the ticker NEST, remains majority-controlled by founder Anton Siswanti, who holds a 79.93% stake. The transaction, executed at Rp 370 per share on Jan. 24, 2025 to bring total transaction value to Rp 30.43 billion ($1.9 million), underscores Yan Palace’s strategy to deepen ties with a key supplier in a sector where Indonesia dominates global raw material production.

Yan Palace, a Hong Kong-listed market leader in China’s bird’s nest industry with a market capitalization of 7.3 trillion rupiah, has long been Esta Indonesia’s largest customer. Chairman Huang Jian cited the Indonesian firm’s growth trajectory and its August 2024 stock market debut as catalysts for the investment.

Esta Indonesia CEO Hoo Anton Siswanto said the company plans to expand its network of swiftlet houses, boost production capacity, and build two new factories in Semarang and Demak, slated for completion this year. The facilities will add to its current export capacity of 20-30 tons annually, part of efforts to capture a larger share of Indonesia’s 1,400-ton global bird’s nest exports.

Indonesia supplies over 75% of the world’s raw swiftlet nests, while China consumes roughly 80% of global production. Esta Indonesia currently exports to China, Singapore, the U.S., Australia, and Japan, with Yan Palace’s increased stake expected to strengthen supply chain integration between the two markets.