DIGIVESTASI - PT Solusi Kemasan Digital Tbk (PACK) Officially Changes Name to PT Abadi Nusantara Hijau Investama Tbk Effective January 9, 2025, "Effective January 9, 2025, the company has officially changed its name to PT Abadi Nusantara Hijau Investama Tbk," said PACK’s Corporate Secretary, Calvin Setiawan, in an official statement on Wednesday (January 15, 2025).

Calvin explained that the name change had received approval from the Ministry of Law and Human Rights and was ratified at the Extraordinary General Meeting of Shareholders (EGMS) on December 30, 2024.

PACK’s stock performance has also shown a significant increase. During the first trading session on January 15, 2025, the company’s stock surged 9.89%, hitting the upper auto-rejection limit (ARA) at IDR 1,555. PACK’s stock price movement has been on the rise since October 2024. On October 14, 2024, its stock price was IDR 37 per share, but it has since skyrocketed by 4,102% to IDR 1,555.

This surge is linked to PT Eco Energi Perkasa’s (EEP) acquisition of a 49% stake in PACK in October 2024, as reported in a research publication by Indo Premier Sekuritas analysts Ryan Winipta and Reggie Parengkuan on December 10, 2024. EEP is affiliated with CNGR Group, a China-based precursor producer with a 23% global market share, ultimately controlled by Deng Weiming, a Chinese conglomerate.

It is suspected that CNGR Group is conducting a backdoor listing through PACK. As part of the company's strategic initiatives, the EGMS on December 30, 2024, also decided on several key measures, including:

1. Amending the allocation plan for proceeds from the initial public offering.
2. Approving the feasibility study on the company's business activities changes.
3. Increasing authorized capital from IDR 49.18 billion to IDR 3 trillion, including amendments to Article 4 Paragraphs 1 and 2 of the articles of association.
4. Approving a rights issue to issue 100 billion new shares.

These decisions are expected to significantly support the company’s expansion and future growth.
 

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