PT Wahana Interfood Nusantara Tbk (IDX: COCO), operating as Win&Co Group, has successfully raised approximately Rp1.28 trillion through its Limited Public Offering III (Rights Issue). The company achieved full subscription for all newly issued shares during the subscription period from July 14 to July 21, 2026.
Investor confidence remained strong throughout the offering period. Existing shareholders exercised approximately 95 percent of their Pre-emptive Rights (HMETD). In addition, investors submitted additional share orders that reached 2.65 times the number of remaining shares available for allocation.
The strong participation reflects growing confidence in Win&Co Group’s long-term growth strategy. Moreover, the successful rights issue strengthens the company’s transformation from an integrated cocoa producer into a regional fast-moving consumer goods (FMCG) platform.
Win&Co Successfully Completes Its Rights Issue
According to the company’s Summary Prospectus, Win&Co Group offered up to 10.68 billion new shares at an exercise price of Rp120 per share. As a result, the company secured proceeds of approximately Rp1.28 trillion.
Throughout the subscription period, shareholders actively exercised their rights. Meanwhile, additional investors took the opportunity to subscribe for the remaining shares after the initial allocation.
Demand for additional shares exceeded expectations and reached approximately 2.65 times the remaining allocation. Consequently, the company successfully placed every newly issued share without leaving any unsubscribed balance.
Strong Investor Confidence Supports Long-Term Strategy
The controlling shareholder exercised all of its rights during the offering. At the same time, public shareholders also participated actively, contributing to the successful completion of the rights issue.
The combination of high rights participation and strong additional demand demonstrates investors’ confidence in the company’s long-term strategy. Therefore, the rights issue represents more than a successful fundraising exercise. It also highlights market confidence in Win&Co Group’s business transformation.
Investor interest remained resilient despite challenging market conditions. This positive response indicates that shareholders recognize the company’s long-term growth opportunities and regional expansion strategy.
President Director Soegianto Soenario expressed his appreciation for the continued support from shareholders and investors. He explained that the successful rights issue reflects confidence in the company’s strategic direction. Furthermore, Win&Co Group will continue executing its transformation through prudent business practices, strong corporate governance, and disciplined risk management to create sustainable long-term value for all stakeholders.
Win&Co Group Allocates Rights Issue Proceeds to Business Expansion
Win&Co Group will allocate approximately 92 percent of the funds raised through the rights issue to support business expansion and strategic investments. The company will use most of the proceeds to finance its planned acquisition of PT Sari Murni Abadi (Momogi Group), a key initiative in its long-term transformation strategy.
Through this investment, Win&Co Group aims to expand its business portfolio while accelerating its transition into a regional fast-moving consumer goods (FMCG) company. In addition, the acquisition is expected to strengthen the company’s competitive position across Southeast Asia.
The company will use the remaining proceeds as working capital. These funds will support raw material purchases, packaging, marketing activities, and research and development. Consequently, Win&Co Group will strengthen both its operational capabilities and its long-term growth capacity.
Regional Transformation Strategy Gains Momentum
Win&Co Group continues to execute its long-term transformation strategy by expanding beyond its integrated cocoa business. Rather than focusing solely on cocoa ingredients, the company is building a broader FMCG platform that serves consumer markets across Southeast Asia.
As part of this strategy, Win&Co Group plans to acquire Momogi Group. The acquisition will broaden the company’s product portfolio while opening access to new distribution channels and consumer markets.
Furthermore, the transaction will provide access to Bibica Corporation, one of Vietnam’s leading confectionery companies. Bibica’s extensive distribution network and strong brand recognition will support Win&Co Group’s regional growth strategy.
Win&Co Group selected Vietnam because the country continues to record strong economic growth and rising consumer demand. At the same time, Vietnam offers one of Southeast Asia’s fastest-growing food and beverage markets, creating attractive long-term opportunities for expansion.
By combining its integrated cocoa business with a broader FMCG platform, Win&Co Group expects to generate stronger operational synergies while creating sustainable value for shareholders and business partners.
Strong Fundamentals Continue to Attract Investors
Investor confidence reflects the company’s solid business foundation. Win&Co Group remains the only integrated cocoa and chocolate producer listed on the Indonesia Stock Exchange.
In addition, the company continues to expand its production capacity while strengthening its flagship brands. These include Schoko for the B2B market, D’Lanier for premium consumer products, and Winfil for food ingredients.
Looking ahead, Win&Co Group plans to introduce these brands to the Vietnamese market through Bibica Corporation. This initiative will expand the company’s regional footprint while creating additional growth opportunities across Southeast Asia.
The combination of a strong core business, a clear regional expansion strategy, and continued investor support provides a solid platform for future growth. Therefore, Win&Co Group remains confident in accelerating its transformation into a leading regional FMCG company.
Win&Co Group Advances Its Regional Growth Strategy
Following the successful completion of the rights issue, Win&Co Group will move forward with the next phase of its long-term growth strategy. The company plans to accelerate business transformation while strengthening its presence across Southeast Asia.
In addition to expanding its regional operations, Win&Co Group will enhance collaboration across its business units. The company will focus on product development, supply chain integration, and distribution network optimization to support sustainable growth.
Looking ahead, Win&Co Group plans to introduce its flagship brands, including Schoko, D’Lanier, and Winfil, to the Vietnamese market through Bibica Corporation. This initiative is expected to strengthen the company’s regional presence while expanding access to one of Southeast Asia’s fastest-growing consumer markets.
At the same time, the company will continue executing its expansion strategy with a disciplined approach to corporate governance and risk management. Consequently, Win&Co Group aims to create sustainable long-term value for shareholders, business partners, customers, and other stakeholders.
Building a Stronger Regional FMCG Platform
The successful rights issue provides Win&Co Group with a stronger financial foundation to support future expansion. Moreover, the positive response from investors reinforces management’s confidence in the company’s long-term business strategy.
Win&Co Group believes that its transformation into a regional FMCG platform will create new opportunities for innovation, operational efficiency, and market expansion. Therefore, the company will continue investing in product development while strengthening its integrated business ecosystem.
As regional consumer demand continues to grow, Win&Co Group remains committed to expanding its business responsibly and sustainably. Through continuous innovation and strategic partnerships, the company aims to strengthen its position as one of Southeast Asia’s leading integrated cocoa and FMCG businesses.
About PT Wahana Interfood Nusantara Tbk (IDX: COCO)
PT Wahana Interfood Nusantara Tbk (IDX: COCO), operating as Win&Co Group, is the only integrated cocoa and chocolate producer listed on the Indonesia Stock Exchange. Established in 2006 and headquartered in Sumedang, West Java, the company develops and manufactures a wide range of cocoa-based products for both industrial and consumer markets.
Win&Co Group produces couverture chocolate, compound chocolate, cocoa powder, cocoa beverages, and food ingredients through its flagship brands. These include Schoko for the B2B market, D’Lanier for premium consumer products, and Winfil for food ingredient solutions.
Through continuous innovation, regional expansion, and strategic investments, Win&Co Group continues strengthening its position as an integrated cocoa company while building a competitive regional FMCG platform across Southeast Asia.
