CNGR Advanced Material Cuts Stake in Indonesian Subsidiary

MT Newswires Live

Mar 09

CNGR Advanced Material (SHE:300919) has agreed to transfer a 2.02% equity stake in its Indonesian subsidiary PT Anugerah Barokah Cakrawala to PT Billy International, according to a Shenzhen Stock Exchange filing on Monday.

Following the sale, shares held by CNGR in Anugerah Barokah, through its subsidiary PT Barokah New Energy and Technology Indonesia, will drop to 48.98% from 51%, the advanced energy materials producer said.

Financial terms of the divestment were not disclosed.

CNGR said Anugerah Barokah still has $130 million in outstanding debt owed to the company as of March 6.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2618614843"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2618614843\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2618614843?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-09 13:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2618614843","market":"nz","top_or_hot":-1,"title":"CNGR Advanced Material Cuts Stake in Indonesian Subsidiary","media":"MT Newswires Live","content":"<html><body><p> CNGR Advanced Material (SHE:300919) has agreed to transfer a 2.02% equity stake in its Indonesian subsidiary PT Anugerah Barokah Cakrawala to PT Billy International, according to a Shenzhen Stock Exchange filing on Monday.</p><p>Following the sale, shares held by CNGR in Anugerah Barokah, through its subsidiary PT Barokah New Energy and Technology Indonesia, will drop to 48.98% from 51%, the advanced energy materials producer said.</p><p>Financial terms of the divestment were not disclosed.</p><p>CNGR said Anugerah Barokah still has $130 million in outstanding debt owed to the company as of March 6.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CNGR Advanced Material Cuts Stake in Indonesian Subsidiary</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCNGR Advanced Material Cuts Stake in Indonesian Subsidiary\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-03-09 13:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> CNGR Advanced Material (SHE:300919) has agreed to transfer a 2.02% equity stake in its Indonesian subsidiary PT Anugerah Barokah Cakrawala to PT Billy International, according to a Shenzhen Stock Exchange filing on Monday.</p><p>Following the sale, shares held by CNGR in Anugerah Barokah, through its subsidiary PT Barokah New Energy and Technology Indonesia, will drop to 48.98% from 51%, the advanced energy materials producer said.</p><p>Financial terms of the divestment were not disclosed.</p><p>CNGR said Anugerah Barokah still has $130 million in outstanding debt owed to the company as of March 6.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1815336091.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2618614843","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618614843","pubTimestamp":1773032671,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"CNGR Advanced Material  has agreed to transfer a 2.02% equity stake in its Indonesian subsidiary PT Anugerah Barokah Cakrawala to PT Billy International, according to a Shenzhen Stock Exchange filing on Monday.Following the sale, shares held by CNGR in Anugerah Barokah, through its subsidiary PT Barokah New Energy and Technology Indonesia, will drop to 48.98% from 51%, the advanced energy materials producer said.Financial terms of the divestment were not disclosed.CNGR said Anugerah Barokah still has $130 million in outstanding debt owed to the company as of March 6.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"300919":"中伟新材","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","BK1116":"电气部件与设备","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","AEIS":"先进能源工业公司","BK4157":"电子设备和仪器","BK0224":"电气机械","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","02579":"中伟新材","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H"},"translate_title":"CNGR Advanced Material减持印尼子公司股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"300919":0.9,"AEIS":1.5,"02579":1.5},"content_text":"CNGR Advanced Material (SHE:300919) has agreed to transfer a 2.02% equity stake in its Indonesian subsidiary PT Anugerah Barokah Cakrawala to PT Billy International, according to a Shenzhen Stock Exchange filing on Monday.Following the sale, shares held by CNGR in Anugerah Barokah, through its subsidiary PT Barokah New Energy and Technology Indonesia, will drop to 48.98% from 51%, the advanced energy materials producer said.Financial terms of the divestment were not disclosed.CNGR said Anugerah Barokah still has $130 million in outstanding debt owed to the company as of March 6.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}