Cakra Buana (CBRE) Lands Rp 4.3 Trillion Offshore Contract, Plans Massive Rights Issue and New Strategic Investors

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JAKARTA, Investortrust.id — PT Cakra Buana Resources Energi Tbk, or CBRE, has signed an eight-year vessel charter worth roughly Rp 4.3 trillion and unveiled plans for a jumbo rights issue as it brings in new strategic investors to strengthen its capital structure.

The agreement covers the charter of the Hai Long 106, an offshore support vessel operated jointly with PT Gunanusa Utama Fabricators, a leading engineering and construction contractor in Indonesia’s oil and gas sector. Under the deal, CBRE will serve as a subcontractor for Gunanusa’s engineering, procurement, construction, and installation (EPCI) projects both at home and overseas.

The Hai Long 106 is a pipe-laying and lifting vessel designed for subsea operations, heavy-lift work, and deepwater pipeline installation. CBRE said the contract will boost vessel utilization, broaden its customer base in oil-and-gas support services, and cement its position as a competitive offshore and maritime service provider.

“This large-scale contract marks an important milestone in our transformation,” President Director Suminto said in a filing to the Indonesia Stock Exchange on Monday, Nov. 10, 2025. “We’re preparing a rights issue of 48 billion shares to reinforce our capital structure, and two new strategic investors from the EPCI and T&I sectors will further strengthen CBRE’s role in Indonesia’s and the region’s energy-service industry.”

CBRE plans to hold an Extraordinary General Meeting of Shareholders on Dec. 18, 2025, to seek approval for the capital increase. The meeting notice will be released on Nov. 25, with eligibility based on the shareholder register as of Nov. 24.

The rights issue will include an option for existing promissory notes to be converted into shares. The noteholders and loan amounts are Hilong Shipping Holding Limited (US$ 25 million), Yafin Tandiono Tan (US$ 11 million), PT Saga Investama Sedaya (US$ 12.5 million), and PT Superkrane Mitra Utama Tbk, or SKRN, (US$ 6.5 million).

Upon conversion, Hilong Shipping and the consortium led by Yafin Tandiono Tan will become CBRE shareholders and long-term strategic partners. The company said the move will bolster its equity base, improve financial ratios, and open the door to international expansion in shipping and energy-support operations.