Pelindo Merges Subsidiary Pelindo Daya Sejahtera with Tanjung Emas Daya Sejahtera
The port group continues consolidating its subsidiaries, with a 0.426 share conversion ratio for TEDS shareholders as part of a broader streamlining of digital operations.
PT Pelindo Daya Sejahtera (PDS), a Pelindo subsidiary providing outsourced workforce and business support services, has consolidated with PT Tanjung Emas Daya Sejahtera (TEDS), a subsidiary linked to the Tanjung Emas port area. Under the arrangement, one TEDS share converts into 0.426 PDS shares based on an independent valuation, and PDS issued new shares to Kopelindo, TEDS's shareholder. The consolidation falls under the entity restructuring of Pelindo Group with Danantara Asset Management, and coverage of the merger links it to streamlining digital operations.
The move extends Pelindo's corporate-action wave into the workforce-services layer, which will require combining HR, payroll, attendance and worker certification systems across the two entities. It follows a series of Pelindo consolidations announced for completion through December 31, 2026, as the group continues merging dozens of subsidiaries into fewer entities.