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As on : 06-Apr-2026
Corporate News
06-Apr-2026     20:04

Greenlam Industries announces acquisition of balance 33% in its Indonesian subsidiary

Greenlam Asia Pacific, a wholly owned subsidiary of Greenlam Industries in Singapore (Singapore subsidiary) and Greenlam Industries SDN. BHD., a wholly owned subsidiary of Singapore subsidiary in Malaysia (Malaysia subsidiary), have jointly acquired the entire 33% local shareholding of PT. Greenlam Indo Pacific, a subsidiary of Singapore subsidiary in Indonesia (Indonesia subsidiary/ target entity ).

The Singapore subsidiary earlier held 67% shareholding in the target entity. Pursuant to the above acquisition, the collective shareholding of Singapore subsidiary and Malaysia subsidiary now stands at 100%. Consequently, the target entity has become a wholly owned (step-down) subsidiary of Greenlam Industries.

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