- Business
- PT Mahaka Media Tbk (ABBA.JK), operating as Mahaka X, serves as a holding company for diverse media, creative, and entertainment business units in Indonesia. The company creates, sells, aggregates, and distributes community content through multiple platforms, including print, broadcast, digital, and outdoor media; core offerings encompass Harian Republika daily newspaper and Republika Penerbit for Islamic reference books, novels, and children's stories; Golf Digest magazine with digital extensions like e-magazine and golfdigest.id; Harian Indonesia Chinese-language newspaper; Jak TV television station; radio networks such as JAK 101 FM, GEN 98.7 FM Jakarta, GEN 103.1 FM Surabaya, HOT 93.2 FM, Most Radio 105.8 FM, KIS 95.1 FM, and Mustang 88.0 FM; outdoor advertising via Mahaka Advertising; brand activation through Alive Indonesia; discount services under CardPlus; digital platforms including republika.co.id, bukurepublika.id, and ihram.co.id; event organizing; media buying; IT services; and Web3/NFT projects. Founded in 1992 as PT Abdi Bangsa Tbk and renamed PT Mahaka Media Tbk in 2010, it maintains headquarters at Sahid Sudirman Centre, 10th Floor, Jl. Jend. Sudirman No. 86, Central Jakarta, Indonesia, with over 1,000 employees serving urban Muslim communities and general audiences domestically and internationally. Recent developments include a rights issue of preemptive shares (HMETD) at Rp1,500 each; divestment yielding net cash from associate investments; cancellation of a planned acquisition of 95.94% stake in PT Avabanindo Perkasa by PT Beyond Media; and share purchases in PT Echo Media Tama and PT Beyond Media, each for 22,500 shares representing 50% ownership valued at Rp45 billion apiece, alongside Q1 2025 earnings reports and ongoing expansion in digital and creative segments.