Wilton Makmur Says Maxglory to Become New Indirect Controlling Shareholder in Corrected Disclosure

Wilton Makmur Indonesia’s Oct. 15, 2026 correction outlined Maxglory Capital’s planned acquisition of indirect control through Wilton Resources Corporation. Under an Oct. 9 placement agreement, Maxglory will subscribe for 1,071,767,735 new Wilton Resources shares at SGD 0.011 each. The placement will raise gross proceeds of USD 9.28 million and transfer control of Wilton Resources to Maxglory. A convertible bond agreement covers 7,000,000,000 conversion shares at SGD 0.011 each, raising gross proceeds of USD 60.63 million. Wilton Resources intends to use proceeds to settle outstanding liabilities, develop the Ciemas Gold Project and provide additional group working capital. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Wilton Makmur Indonesia Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32166590) on October 15, 2026, and is solely responsible for the inf