The pact mixes expertise and capabilities of both firms to offer the Indonesian market more innovative and high-quality investment solutions across different asset classes.

Hong Kong-based Value Partners and Indonesia’s Aldiracita Group have formed a strategic partnership to foster stronger cross-border collaboration in order to tap into growing wealth and asset management needs in Asia. 

The share purchase agreements were signed this week and an exchange file ceremony was held during a business luncheon attended by Hong Kong chief executive John Lee, who led a high-level Hong Kong delegation visit to ASEAN countries.

Under this partnership, Sensible Asset Management Hong Kong Limited, a wholly-owned subsidiary of Value Partners, will buy a 29.99 per cent stake in PT Surya Timur Alam Raya Asset Management (STAR Asset Management), the asset management division under PT Aldiracita Sekuritas Indonesia (Aldiracita). 

Conversely, in Singapore, Aldiracita Global Investment Pte. will acquire a 29.99 per cent stake in Value Partners Asset Management Singapore Pte. 

The pact combines the expertise and capabilities of both firms to offer the Indonesian market more innovative and high-quality investment solutions across different asset classes.

“As part of our growth strategy in Southeast Asia, we are intensifying our commitment and strengthening ties in the region,” Cheah Cheng Hye, chairman of Value Partners Group, who was part of the Hong Kong delegation visiting Southeast Asia, said. “ASEAN countries are Hong Kong’s second-largest trading partners with significant economic and investment potential. In particular, Indonesia, with its large population, represents a significant portion of the region’s potential for growth and investment.”
 

The CEO, John Lee (centre), together with Dato’ Seri Cheah Cheng Hye, co-chairman and co-CIO of Value Partners (left two), June Wong, CEO of Value Partners (left one), Rudy Utomo, president director, Aldiracita Sekuritas (right two ) and Reita Farianti, president director, Star Asset Management (right one).