FORE - Executes intra-group lease transfer between subsidiaries

FORE - Executes intra-group lease transfer between subsidiaries Fore Kopi Indonesia (FORE) executed an affiliated transaction valued at IDR1.08 bn on 9 Jul ‘26, involving two of its subsidiaries: Fore Bakery Indonesia (FBI, 99.97% owned) and Cipta Favorit Indonesia (CFI, 99.955% owned). Under the agreement, FBI will transfer its lease rights over a 541 sqm plot of land and a two-storey building of 260 sqm to CFI for a duration of one year, at a monthly rental cost of IDR90 mn or 10% of CFI’s monthly business revenue — whichever applies — bringing the total transaction value to IDR1.08 bn, within the IDR5 bn affiliated transaction threshold. The rationale cited by management is that the land and building are strategically located to support CFI’s operational needs and business network expansion, and transferring the lease allows CFI to utilise the space more efficiently rather than securing a separate external location. The transaction is expected to support CFI’s service quality improvement and contribute positively to the consolidated group. Corporate Secretary Denny Ngadimin confirmed the affiliated nature of the transaction given the intra-group ownership structure. (Source : Emiten News)