PT Chandra Asri Pacific Tbk (Chandra Asri Group) (IDX code: TPIA), a leading chemical and infrastructure solutions company in Indonesia, is proud to announce its inclusion in the Morgan Stanley Capital International (MSCI) Global Standard Indexes for Emerging Markets, based on its quarterly publication issued in London on May 14, 2024. The listing of Chandra Asri Group will take place from market close on May 31, 2024.
This important milestone reflects Chandra Asri Group’s consistent performance, strong market capitalization and strong liquidity, which meet MSCI’s strict inclusion criteria. Chandra Asri Group’s inclusion in the MSCI Global Standard indices is a testament to its strong financial results, strategic growth initiatives and commitment to sustainability. MSCI has recognized Chandra Asri Group’s impressive market capitalization and free float-adjusted market capitalization, which meet the index thresholds. This inclusion highlights Chandra Asri Group’s position as a key player in the global chemical and infrastructure industry.
Andre Khor, CFO of Chandra Asri Group comments on this inclusion, “Chandra Asri Group is honored to be included in the MSCI Global Standard Indexes, a recognition that underlines our commitment as a Growth Partner to deliver sustainable growth and value to our customers.” shareholders. “This inclusion also validates Chandra Asri Group’s status as a leading entity in the chemical and infrastructure industry, recognized for its operational excellence and strong market presence.”
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“The inclusion of Chandra Asri Group in the MSCI Global Standard Index is expected to improve the company’s visibility to a broader range of institutional investors around the world and may result in greater liquidity and a potentially lower cost of capital.” . For existing investors, this listing is an affirmation of Chandra Asri Group’s strong market positioning and governance practices.” Andre continued.
Andre Khor also said that the achievement reflects the hard work and dedication of the Chandra Asri Group team and motivates the team to continue driving innovation and excellence in the chemical and infrastructure sector. This achievement marks a significant milestone for Chandra Asri Group, serving as a catalyst for its ongoing expansion in the international market and the achievement of its strategic objectives.
Chandra Asri Group’s inclusion in the MSCI Global Standard indices is a testament to its strong financial results
Last week, Chandra Asri Group also made headlines for its strategic acquisition of Shell’s assets in Shell Energy and Chemical Park Singapore with its joint venture with Glencore Group. This move will strengthen the regional presence and operational capability of the Chandra Asri Group, further consolidating its leadership position in the chemical and infrastructure industry, while strengthening the business resilience of the Chandra Asri Group through greater scale and integration, in addition to driving the expansion of product offerings and growth opportunity in the Southeast Asian market.
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