Sumber Mas Shares Target Rp 300 Ahead of Takeover
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JAKARTA, investortrust.id — Shares of PT Sumber Mas Konstruksi Tbk, or SMKM, are moving toward Rp 300 as speculation builds that Singapore-based Lim Shrimp Org has agreed to acquire a 44.98 percent stake in the construction and interior design company.
Lim Shrimp Org submitted its acquisition offer on Sept. 18, 2025, to purchase the shares from PT Vina Nauli Jordania, according to a letter delivered to the seller. Lim Shrimp is incorporated in Singapore, while SMKM is listed on the acceleration board of the Indonesia Stock Exchange.
The prospective buyer is controlled by TK Lim, founder of Lim Shrimp Organization, the world’s largest shrimp farming developer. Lim is also a joint venture partner of Poh Group, which earlier this year acquired 35.85 percent of PT Techno9 Indonesia Tbk, or NINE. Following Poh’s entry, NINE shares soared more than 219 percent to Rp 310 within three months and over 3,344 percent in the past year.
According to a market source, SMKM shares could experience a similar rally under Lim Shrimp’s new ownership, with expectations of fresh business segments being added. Investors are also betting on potential capital injections to finance the company’s expansion plans.
SMKM stock has already jumped 200 percent over the past year to Rp 195 and briefly touched a new record of Rp 324 after news of acquisition talks with Lim Shrimp surfaced.
Photo caption: Visitors monitor trading activity at the Indonesia Stock Exchange in Jakarta, Wednesday, Oct. 1, 2025. Investortrust/Dicki Antariksa.