JAKARTA, January 9, 2026 – PT Techno9 Indonesia Tbk (IDX: NINE) has announced a strategic corporate move backed by its majority shareholder, the Singapore-based Poh Group. This support will be realized through the integration of mining assets located in Mongolia into NINE’s portfolio via a rights issue mechanism (preemptive right).
This corporate action marks a new chapter in Techno9’s transformation into a player in the mining sector, both within Indonesia and across the regional landscape. The expansion in business focus follows the strategic roadmap set by Poh Group as the company’s majority shareholder.
Nuzwan Gufron, President Director of Techno9 Indonesia, stated that the option to acquire mining assets in Mongolia owned by Poh Golden Ger Resources Pte Ltd (PGGR) will be positive for NINE’s shareholders.
“The integration of Mongolian assets into Techno9 Indonesia holds the potential for a positive impact on NINE shareholders, particularly if the purchase option for PGGR’s mining assets in Mongolia is exercised. This opens a more structured path for asset monetization and strengthens Techno9 Indonesia future involvement in mining projects,” said Nuzwan Gufron.
Notably, PGGR has signed a Framework Agreement for Mining Cooperation with a large-scale Engineering, Procurement, Construction + Finance (EPC+F) contractor from Inner Mongolia China. This EPC+F partner plans to invest over US$100 million to implement mining operations for Poh Group or NINE and PGGR projects, with potential annual production capacity exceeding 20 million tons. Through this strategic partnership, Poh Group and NINE will not incur capital expenditure (capex), whether for owned mines or joint operations with Poh Group or NINE.
“The realization of this investment plan depends on satisfactory due diligence results and the necessary Overseas Direct Investment (ODI) approvals or registrations from China authorities. The actual investment amount will be adjusted based on the approvals obtained,” he added.
According to Nuzwan, the prospective EPC+F partner has extensive experience in mining exploitation and operational management, including their commitment for more than 1 year to investigate mining practices and domestic situations of mines in Mongolia and Indonesia. The entity was established in 1998, employs over 1,000 people, and has total assets exceeding USD 500 million. “This EPC+F partner has a solid foundation in mining operations,” he added.
Nuzwan added that NINE will continue to explore and develop various business opportunities in Indonesia and the region to provide long term value to shareholders. This development is also expected to materially impact Poh Group’s future mining investment plans in Indonesia, whether through Joint Operations (JO) or direct ownership.
The Mongolian mining assets to be integrated into NINE are controlled by Mr. Poh Kay Ping. These comprise two mining concessions for coal and semi-soft coking coal. PGGR and its affiliates within the Poh Group, including NINE, will continue to explore cross-border mining cooperation.
Techno9 Indonesia plans to register the rights issue to integrate the Mongolian assets no later than Q2-2026. The company ensured that the acquisition of these assets will not impact its cash position. “There are no costs to acquire the Mongolian mining assets; the assets will be brought into the Company through the PMHMETD process,” Nuzwan said
About PT Techno9 Indonesia Tbk
PT Techno9 Indonesia Tbk has been a publicly traded company since its Initial Public Offering (IPO) in 2022. Originally established as an Information Technology (IT) services provider, the company is undergoing a comprehensive transformation, pivoting its primary business activities toward the Mining and Energy sectors. This shift follows the acquisition by the Poh Group as the majority shareholder, which is currently in the process of becoming the company’s new controlling entity.
Poh Group is a Singapore-based investment group led by Poh Kay Ping, a seasoned entrepreneur with an extensive track record in the logistics, mining and engineering industry. Poh Group has evolved into a diversified group comprising business entities across Asia, with a portfolio spanning Natural Resources, Engineering, Aquaculture, Information Technology and Property, etc.
