Toba Bara Sejahtra
Toba Bara Sejahtra (Toba Bara) operates three mining concessions located in East Kalimantan through three of its subsidiaries.
Toba Bara is majority-owned by Toba Sejahtra, which as of September 30, 2017, was itself majority-owned by Highland Strategic Holding Ltd.
Toba Bara itself is publicly traded and was listed on the Indonesian Stock Exchange in 2012.
In March 2018, the company postponed a bond issue “due to unfavourable market conditions.”
The company also engages in palm oil processing through a subsidiary.
According to its Annual Report, in 2016, it entered into power generation, signing a Power Purchase Agreement (PPA) with Perusahaan Listrik Negara (PLN) and planning to construct Sulbagut 1, a coal-fired power plant (2×50 MW) in Sulawesi and obtained finance for this project in July 2017.
In April 2017, it signed a PPA with PLN in respect of another 50MW coal-fired power plant in the area.
Toba Bara Shareholders
|Investor||Ownership (%)||Filing Date|
|1. Highland Strategic Holdings||61.91||30 Sep 2017|
|2. Bintang Bara B.V.||10.00||30 Sep 2017|
|3. PT Toba Sejahtra||10.00||30 Sep 2017|
|4. PT Bara Makmur Abadi||6.25||30 Sep 2017|
|5. PT Sinergi Sukses Utama||5.10||30 Sep 2017|
|6. Prakoso (Roby Budi)||3.65||30 Sep 2017|
|7. Pandjaitan (Davit Togar)||0.75||30 Sep 2017|
PLEASE NOTE: Information comes from the companies’ available annual reports and financial reports (2012 to 2017) and websites, as well as other public and subscription-based information sources.
Occasionally, where information is incomplete, assumptions must be made about data and these were made in a consistent manner and in good faith. While we endeavoured to gather and include all relevant deals, we cannot guarantee the completeness of the information presented.