TEMPO.CO, Jakarta - The issuer managing the Kentucky Fried Chicken (KFC) outlets, PT Fast Food Indonesia Tbk (FAST), officially sold its shares in PT Jagonya Ayam Indonesia (JAI) to PT Shankara Fortuna Nusantara for Rp54.4 billion. The transaction has been effective since June 30, 2025.
Dalimin Juwono, FAST's corporate secretary, said the transaction included 41.8 percent of Series A shares, equivalent to 15 percent of all shares issued by JAI. "The company still maintains its position as the controlling shareholder with a 55 percent ownership in JAI, which therefore still places the Company as the controlling shareholder of JAI," he stated in the disclosure of information on the Indonesia Stock Exchange, quoted on Thursday, July 3, 2025.
Meanwhile, Shankara Fortuna Nusantara is a company owned by Samsudin Andi Arsyad alias Haji Isam, which operates in the chicken meat and various processed products sector. Haji Isam's daughter, Liana Saputri, and her husband, Putra Rizky Bustaman, each own 45 percent of the company's shares. In Shankara Fortuna Nusantara, Liana Saputri serves as a commissioner, and Putra Rizky Bustaman as the director.
Dalimin said that by maintaining control of JAI, FAST can benefit from JAI's efficient chicken meat and product supply prices. On the other hand, this position could enhance the company's profitability through JAI's integrated chicken farming business, which includes plantations, feed mills, hatcheries, chicken farms, slaughterhouses, and chicken meat processing plants.
"With the transaction implementation, it can create opportunities for the involvement of other parties to expand competitiveness, operational activities, or the financial capability of JAI," Dalimin said.
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