PT Bangun Kosambi Sukses Tbk (CBDK) was officially listed on the Indonesia Stock Exchange on Monday, January 13th, 2025. 

CBDK released a total of 566,894,500 common shares, equivalent to 10% of its issued and paid-up capital, with a nominal value of Rp 20 per share at an initial price of Rp. 4,060 per share. 

The specific purpose of CBDK is to develop the Nusantara International Convention and Exhibition (NICE), which is part of the Meetings, Incentives, Conventions, and Exhibitions (MICE) sector, to complement the ecosystem in the CBD PIK2. CBDK has a land of ± 735 hectares ready for marketing and development, with total recorded assets of Rp. 18.5 trillion. 

NICE will be built on a land area of ±40 hectares and designed as a strategic element to enhance the CBD PIK2 ecosystem, adding approximately 120,000 m2 of convention and exhibition space. The project is expected to begin partial operations in September 2025, contributing to the growth of the national convention and exhibition industry. 

President Director of CBDK, Steven Kusumo, expressed his gratitude for this achievement. He stated that the company has several ongoing projects, including the construction of an international-standard convention center. 

“As a background, CBDK is a real estate company specializing in the strategic Pantai Indah Kapuk 2 (PIK2) area. We currently manage CBD areas, offices, residential properties, commercial products, commercial lots, and the NICE project–Nusantara International Convention and Exhibition. We hope NICE will become a new icon in the CBD PIK2 area. We also hope its presence will support economic growth and drive the MICE sector, backed by two major groups in Indonesia, Agung Sedayu Group and Salim Group, along with extensive and strategic land banks,” Steven added. 

As part of its IPO, CBDK released 566,894,500 shares to the public. The shares were oversubscribed by 344.28 times. As a subsidiary of PT Pantai Indah Kapuk 2 Tbk (PANI), supported by Agung Sedayu Group and Salim Group, CBDK’s IPO journey–spanning from the initial offering/book-building (December 13th-20th, 2024) to the public offering (January 3rd-9th, 2025)--was successfully executed. This reflects the company’s strong commitment and marks a significant milestone in contributing to sustainable success for its shareholders. 

“I am grateful to the shareholders for their trust. Let us strive together,” said Richard Halim Kusuma, President Commissioner of CBDK. 

The listing and IPO of CBDK are expected to strengthen its dedication, drive innovation, and utilize new capital sources collected from the public to achieve future growth potential and expansion strategies.