Jakarta, hitclubapk3 Indonesia
—
PT Platinum Wahab Nusantara Tbk (TGUK), which was previously known as a viral sweet drink
Gulp
now swerving
business
selling frozen food or
frozen food
.
TGUK assesses business prospects
frozen food
and processed foods in Indonesia show strong growth.
“Along with business developments and market dynamics
food and beverage
in Indonesia, the company plans to add business activities in the field
frozen meat
and
food processing
“as part of the diversification strategy and strengthening the company’s business value chain in the processed food sector,” said TGUK management in the Indonesian Stock Exchange (BEI) Information Disclosure, Thursday (13/11).
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With this plan, TGUK will have two main business activities.
First
, a large trading business in beef and processed beef, including preserved beef.
Second
, a large trading business in chicken meat and processed chicken meat, including preserved chicken meat.
Apart from that, TGUK has three supporting business activities.The three businesses are the meat and poultry product processing and preservation industry, the processed food and cooking industry, and the wholesale trade in other foods and beverages.
“The company’s revenue is projected to increase from IDR 1.20 billion in the August-December 2025 period to IDR 803.86 billion in 2030,” said TGUK management.
They project an increase in cost of revenue, especially in the initial expansion phase 2025-2027.However, they project profits will start to appear after that.
“The company will start recording profits in 2028 with current year profits of IDR 3.31 billion, and this will increase significantly to IDR 33.81 billion in 2029 and IDR 29.64 billion in 2030,” said TGUK.
Previously, PT Platinum Wahab Nusantara Tbk (TGUK) closed its outlets that focused on selling the sweet drink Teguk.TGUK has reported the closure of 44 outlets on 10 July 2023-22 December 2024.
On July 24 2025, TGUK reported that the controlling shareholder of the company PT Dynasty Creative Indonesia (DKI) together with Visionary Capital Global Pte Ltd (VCG) had signed a conditional sale and purchase agreement (CSPA).
VCG will own and control 59.34 percent of TGUK shares.However, if the acquisition process is not completed before or no later than September 30 2025, unless otherwise agreed by both parties, the CSPA will end automatically.
[Gambas:hitclubapk3 Video]
(dhf/pta)
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