JAKARTA &ndash; PT Saka Industrial Arjaya (SIA), the controlling shareholder of PT Mega Manunggal Property Tbk (MMLP), has once again increased its ownership stake.
Based on a written statement released on Monday (5/1), the transaction was carried out on 30 December 2025. SIA purchased 534.81 million shares, or 7.76% of MMLP&rsquo;s shares, at a price of IDR 580 per share.
&ldquo;The purpose of this transaction is for investment with direct share ownership,&rdquo; management said in the statement.
Following the transaction, SIA&rsquo;s shareholding in MMLP increased to around 6.2 billion shares, equivalent to 91.43%.
Previously, SIA was recorded as holding around 5.7 billion shares, or 83.67% of the total shares outstanding.
As previously reported by IDNFinancials.com, SIA only acquired MMLP in October 2025. In accordance with capital market regulations, SIA subsequently conducted a mandatory tender offer from late November to late December 2025.
As a note, MMLP recorded net profit of IDR 50.39 billion, plunging 77.76% year on year as of the end of the third quarter of 2025.
This was despite the Astra Group&ndash;acquired issuer posting a modest 3.24% increase in revenue to IDR 265.45 billion by the end of September 2025.
Its main revenue segment, office and warehouse leasing, continued to post growth to IDR 237.70 billion, while other segments, including utilities, strategic fund advisory services, equipment rental and others, tended to decline or stagnate.
PT Lastana Express Indonesia, the distribution arm of e-commerce platform Lazada, remained MMLP&rsquo;s largest revenue contributor at IDR 62.64 billion, followed by PT DHL Supply Chain Indonesia at IDR 41.39 billion.
Over the past month, MMLP shares have fallen 11.30% to IDR 510 per share. The downward trend has also been evident over the past five trading days, with the stock sliding 12.07%. In Monday&rsquo;s trading session (5/1), the shares fell a further 8.11%. (DK/ZH)

Astra Group's property arm added 534 million MMLP shares at a price of IDR 580.