JAKARTA — PT Wahana Interfood Nusantara Tbk (COCO), also known as Win&Co Group, plans to conduct a Limited Public Offering III (PMHMETD III) through a rights issue.
The corporate action has received approval from shareholders during the Extraordinary General Meeting of Shareholders (EGMS) held on Friday (April 17, 2026) in Jakarta.
President Director of Win&Co Group, Sugianto Soenario, stated that the approval marks the beginning of a new growth phase for the company after its operational transformation throughout 2025 began delivering positive results, particularly in the fourth quarter of 2025.
Through the rights issue, the company plans to issue up to 10.67 billion new shares with a nominal value of Rp100 per share.
These shares will have equal rights and status as the existing shares.
In addition, the company also plans to issue warrants of up to 35 percent of the total issued and fully paid shares at the time the registration statement is submitted to the Financial Services Authority (OJK).
“This approval not only strengthens confidence in the strategy we are implementing, but also becomes momentum for the company to enter the next growth phase in a more aggressive and measurable manner,” said Sugianto in an official statement on Monday (April 20, 2026).
Based on the 2025 Financial Report, Win&Co Group recorded sales growth of approximately 40 percent compared to the previous quarter.
Sugianto stated that the momentum was driven by strengthening in the business-to-business (B2B) segment, particularly in processed cocoa and raw material businesses.
In addition, the growth of retail products through chocolate-based product innovation and strategic partnerships has also started contributing more significantly to the company’s performance.
In line with this, the industry outlook within the company’s focus sectors also continues to show positive growth trends.
The global cocoa and chocolate market is projected to grow at a CAGR of around 4.9 percent through 2034, while Indonesia’s cocoa ingredient market is expected to grow by approximately 6 percent through 2031.
“This growth is driven by increasing consumption of chocolate-based products, expansion in the food and beverage industry, and the premiumization trend of consumer products,” he said.
Furthermore, Sugianto added that Indonesia has strengthened its position as one of the world’s major players by becoming the fourth-largest processed cocoa producer globally.
Amid this growth momentum, the company believes it can accelerate expansion across its core business lines, including strengthening the processed cocoa and raw material sector, developing consumer products, and pursuing strategic acquisitions to expand its business portfolio.
“This strategy is expected to strengthen the company’s position as one of the significant players in the processed cocoa and raw material industry, while enhancing competitiveness in both domestic and international markets over the long term,” he concluded.
Source: Kompas.com
