Hapsoro Poised to Control 19.68% of MINA Shares After Rp164 Billion Rights Issue
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JAKARTA, Investortrust.id — Hapsoro Sukmonohadi, husband of Indonesian House Speaker Puan Maharani, is set to become a significant shareholder in PT Sanurhasta Mitra Tbk, or MINA, following a Rp164.05 billion ($10 million) rights issue. The move could boost his direct ownership in the publicly listed property and tourism company to 19.68%.
According to a disclosure by MINA’s management on Wednesday, July 2, 2025, the company will issue 3.28 billion new shares, equivalent to 33.33% of its enlarged capital, at an offering price of Rp50 per share. The rights issue is expected to raise funds to support MINA's capital structure and business expansion efforts.
The prospectus shows that MINA’s controlling shareholder, PT Basis Utama Prima, which currently owns 45.71% of the company, will not exercise its preemptive rights. Instead, the rights will be transferred to Hapsoro, who already holds 4.44% of MINA directly. Should he fully absorb the allocated rights, his ownership would rise to 19.68%.
Following the transaction, Basis Utama Prima’s stake will dilute to 30.48%, while the public float is expected to remain stable at around 49.84%. However, Hapsoro would still retain effective control of MINA as he owns 99.9% of Basis Utama Prima.
The rights issue will be conducted with a 2-for-1 ratio, meaning shareholders will be entitled to one new share for every two shares they currently hold. Trading of the rights (ticker: MINA-R) is scheduled to take place from Monday, July 14 to Friday, July 25, 2025, with the final payment date on July 25.
The company plans to allocate 35% of proceeds from the rights issue to fund MINA’s working capital, including salaries, IT development, and office rentals. The other 35% will support the operational needs of subsidiary PT Minna Padi Resorts. The remaining 30% will go to PT Sanur Hasta Griya, another MINA subsidiary.
This corporate action is part of MINA’s broader strategy to strengthen its capital base and scale up operations in the tourism and property sectors through its subsidiaries.