Satria Bahana Sarana (SBS) Plans to Go Public to Support Business Expansion

CORPORATE STRATEGIC - JAKARTA. PT Satria Bahana Sarana (SBS) plans to go public on the stock exchange to support the company's business development plan.

After being acquired by PT Bukit Asam Tbk (PTBA) through its subsidiary PT Bukit Multi Investama (BMI) on January 28, 2015, PT SBS has recorded several positive achievements.

The President Director of Satria Bahana Sarana, Agung Pratama, revealed that the company continues to make efforts to improve performance to achieve the set targets.

These efforts include improving employee competence, carrying out special maintenance on production equipment with rejuvenation planning, and remaining consistent as well as improving Good Mining Practices.

Read Also: Sokong Rencana Bisnis, Satria Bahana Sarana (SBS) Berencana Melantai di Bursa

“These three things are in line with the Long-Term Corporate Plan (RJPP) of PT SBS," said Agung in an official statement, Monday (5/2).

Agung added they have prepared several plans that can increase the company's productivity. First, rejuvenating equipment at several project sites, then preparing plans for new projects at the beginning of 2025 that must be prepared for everything in 2024.

"The implementation of new project operations in 2024, which happens to be located outside the South Sumatra region," he said.

Read Also: Inside Vietnam's Plans to Dent China's Rare Earths Dominance

One of the other plans that is also a major goal of PT SBS, is the Initial Public Offering (IPO) on the Indonesia Stock Exchange to obtain capital sources aimed at increasing working capital and expanding business, as well as providing opportunities for investors to participate in the Company's growth and provide added value for stakeholders.

"We hope this IPO can be realized according to the initial schedule," he said.

Throughout 2023, PT SBS managed to exceed the Work Plan and Company Budget (RKAP) that was set.

"Production in 2023 saw a significant increase compared to the 2023 production RKAP and the 2022 realization. This success is also inseparable from the full support of PTBA and PT BMI as the parent company," explained Agung.

Read Also: Green Business Expansion is Booming Among Indonesian Corporations

Of all the achievements made, according to Agung, it is inseparable from the active and productive contribution of employees so that the Company can maximize existing potential to improve the Company's performance.

"Therefore, employee competence development must be carried out in a programmed and sustainable manner so that the Company can grow and develop to face all challenges," said Agung.