VINANSIA.COM - Singapore-based Sight Investment Co. Pte. Ltd. has officially acquired a controlling 55.4% stake in PT Siloam International Hospitals Tbk. (SILO) following the completion of a voluntary tender offer. According to data from the Indonesia Central Securities Depository (KSEI) as of September 13, 2024, Sight Investment's shareholding surged from 1,352,637,000 shares (10.4%) to 7,205,383,500 shares, marking an increase of 5,852,746,500 shares.
This acquisition corresponds with a significant stock transaction on the Indonesia Stock Exchange (IDX), where a total of 5,852,746,569 shares were exchanged in three transactions on September 13. The total value of these trades reached approximately IDR 16.68 trillion, executed at a price of IDR 2,850 per share.
As a result of this transaction, the shareholdings of PT Megapratama Karya Persada and Prime Health Company Limited have diminished. Megapratama's stake decreased from 5,094,711,480 shares (39.17%) to 2,679,256,980 shares (20.6%), while Prime Health’s ownership fell from 3,405,587,432 shares (26.18%) to 1,045,607,832 shares (8.04%).
Sight Investment has expressed its commitment to bolstering Siloam's operations, leveraging its expertise and extensive business connections to support the hospital group in maintaining international standards of healthcare.
Plans include expanding facilities, enhancing medical equipment and clinical services, and selectively broadening operations to capture a larger market segment, ultimately aiming to improve profitability and patient experience.