CG Power and Industrial Solutions Limited has informed the Exchange about General Updates
CGPOWER · price
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CG Power and Industrial Solutions Limited has informed the exchanges that CG International Holdings Singapore Pte Ltd. (CGS), its wholly owned subsidiary, has signed a Share Sale and Purchase Deed. As a result, PT Crompton Prima Switchgear Indonesia (CPSI) has ceased to be a subsidiary of CGS and a step-down subsidiary of the company. This disclosure follows earlier communications dated 25th February 2026 and 5th March 2026, indicating this transaction was in progress. The deal relates to the sale/divestment of the Indonesian subsidiary.
The divestment of PT Crompton Prima Switchgear Indonesia reduces CG Power's subsidiary count and foreign operations footprint. This may have a minor positive impact by simplifying the corporate structure and potentially generating cash proceeds, though the financial details of the transaction are not disclosed.