Shares Skyrocket 760%, Acquisition Delayed
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- Jakarta, CNBC Indonesia - PT Oscar Mitra Sukses Sejahtera Tbk (OLIV) has announced a delay in the completion of the second phase of its acquisition plan.
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OLIV Acquisition Phase 2 Delayed to November 25th, Stock Soars 760% YTD
Jakarta, CNBC Indonesia – PT Oscar Mitra Sukses Sejahtera Tbk (OLIV) has announced a delay in the completion of the second phase of its acquisition plan. This phase involves the transfer of 1.29 billion shares.
According to an information disclosure released on Monday,November 10,2025,Hendro Jap and Hieo mie Tjen (the sellers) signed an amendment to the Conditional Share Sale and Purchase agreement with PT Olive Power Invest (OPI),PT Motif Investasi Indonesia,and PT Pacific Prima Permata on November 7,2025.
This amendment modifies the terms of the original Conditional Share Purchase Agreement signed on September 17, 2025.
The initial agreement stipulated a completion date of November 5, 2025, for the second phase of the acquisition. The amended agreement pushes this date to November 25, 2025, or one day prior to the EGMS.
“The completion of the second phase of the acquisition will result in a change of control of the company from Hendro Jap to OPI,” stated Hendro Jap, Main Director of OLIV.
OLIV shares closed up 4.88% at IDR 129 in the first trading session today, November 10, 2025. Year-to-date, OLIV shares have experienced the largest increase on the Indonesian Stock Exchange, soaring 760%.
The significant growth in OLIV’s share price began in August 2025, rising from IDR 21 at the beginning of the month to its current level.
– victoriasterling
The delay in the acquisition’s second phase, while seemingly minor, is worth noting. It suggests potential complexities in finalizing the deal, though the company frames it as a logistical adjustment tied to the EGMS. The massive year-to-date gains in OLIV’s stock price are remarkable and likely fueled by investor anticipation surrounding the acquisition and the company’s underlying business performance. Investors should carefully monitor the EGMS proceedings and any further disclosures regarding the acquisition’s completion. The strong performance also warrants scrutiny to ensure it’s enduring and not based on speculative trading.
OLIV Share Price Performance (2025)
| Date | Share Price (IDR) | Change |
|---|---|---|
| August 1, 2025 (Approx.) | 21 | – |
| August 31,
|