Hatten Bali Tbk Pledges Assets Worth IDR 1 Billion to Bank for Subsidiary Credit

PT Hatten Bali Tbk (IDX: WINE), a Bali-based winery company, has pledged assets valued at a maximum of IDR 1 billion (approximately $63,000 USD) to PT Bank Central Asia Tbk (IDX: BBCA) as collateral for a credit facility extended to its subsidiary, PT Arpan Bali Utama, according to a disclosure to the Indonesia Stock Exchange (IDX) on March 5, 2026.

Details of the Transaction

The transaction, categorized as an affiliate transaction, involves PT Hatten Bali Tbk providing a guarantee for assets related to the credit facility. PT Arpan Bali Utama, which is 99% owned by PT Hatten Bali Tbk, is the recipient of the credit facility from Bank Central Asia.

Rationale for the Guarantee

The asset pledge is a requirement for Bank Central Asia to grant the credit facility to both PT Hatten Bali Tbk and PT Arpan Bali Utama. The guarantee is provided in accordance with the terms outlined in the applicable credit agreement.

Company Overview

PT Hatten Bali Tbk was founded in 1994 by Ida Bagus Rai Budarsa and produces ten types of wines, including a rosé made from the Alphonse Lavallée grape variety. IDX Company Profile The company’s vineyards are located in Seririt and Sanggalangit villages, while its winery is in Sanur, South Bali. As of March 5, 2026, the company’s stock (WINE) was trading at IDR 196, with a market capitalization of IDR 531.16 billion. IDNFinancials

Key Personnel

The current President Director of PT Hatten Bali Tbk is Ida Bagus Rai Budarsa, with Ketut Sumarwan serving as a Director. Sectors.app