InfoSAWIT, JAKARTA — PT Sampoerna Agro Tbk. (SGRO) has entered a new chapter after officially coming under the control of Posco International Corporation. The palm oil plantation and crude palm oil (CPO) producer not only adopted a new corporate identity, but also reshuffled its board of commissioners during an Extraordinary General Meeting of Shareholders (EGMS) held on Tuesday (January 13, 2026).

During the meeting, SGRO management proposed three key agenda items, two of which focused on approving the company’s name change and revising the structure of its board of commissioners.

“The meeting approved the change of the company’s name from PT Sampoerna Agro Tbk. to PT Prime Agri Resources Tbk.,” SGRO management stated in an information disclosure released in mid-January 2026.

However, the company also prepared alternatives in case the new name could not be approved by Indonesia’s Ministry of Law and Human Rights or other relevant authorities. The proposed backup names include PT Prime Agro Resources Tbk. or PT Premier Agri Resources Tbk.

Eka Dharmajanto Steps Down, Byoungsun Kong Named President Commissioner

Alongside the rebranding, shareholders also approved the resignation of Eka Dharmajanto Kasih from his position as President Commissioner. SGRO appointed Byoungsun Kong as the new President Commissioner.

Meanwhile, Raden Bagus Permana Agung Dradjattun and Saud Usman Nasution retained their roles as Independent Commissioners.

The changes further highlight the ongoing management restructuring following Posco’s transition into SGRO’s controlling shareholder.

Posco Takes 65.721% Stake in Rp9.44 Trillion Deal

Posco International Corporation, through its subsidiary AGPA Pte. Ltd., acquired 65.721% of SGRO shares previously owned by the Sampoerna Group via Twinwood Family Holdings Limited.

The acquisition covered approximately 1.19 billion shares, valued at Rp9.44 trillion, with a purchase price of Rp7,903 per share.

Posco Eyes Fully Integrated Palm Oil Value Chain for Biofuel

Following the acquisition, Posco stated that the deal completes its full palm oil business value chain — from seed development to palm oil production — which is expected to support the company’s biofuel feedstock ambitions.

Citing its official website, Posco said the SGRO acquisition strengthens its global expansion strategy in agribusiness.

“Through this acquisition, POSCO International has added 128,000 ha of plantations and now has a total global agricultural base of 150,000 ha, including its existing plantation in Papua, Indonesia,” Posco wrote.

Posco also noted that SGRO operates palm oil plantations across Sumatra and Kalimantan, while owning subsidiaries in palm seed production and a research institution — which the company claims ranks second in Indonesia’s domestic market share.

One of the key attractions behind the acquisition, Posco said, is SGRO’s plantation profile, which is considered to be in a mature production phase — allowing the company to secure relatively stable returns from the early stage of ownership.

“The palm oil business is a long-term, high-return industry, as harvesting can begin three to four years after planting and production continues for more than 20 years,” Posco stated.

With its new identity as PT Prime Agri Resources Tbk. and refreshed board leadership, SGRO is now poised to become part of Posco’s broader strategy to build a more integrated palm oil portfolio, including support for future renewable energy supply chains. (T2)