Pantai Indah Kapuk Dua

PT Pantai Indah Kapuk Dua Tbk, commonly shortened to PIK2, is an Indonesian property company headquartered in Jakarta. Its principal development is the PIK2 township, located in Kosambi and Teluknaga districts of Tangerang Regency, Banten, covering approximately 1,064.82 hectares in its first phase. The company is listed on the Indonesia Stock Exchange under the ticker PANI. The company began its history in Tangerang in September 2000 as PT Pratama Abadi Nusa Industri. In March 2001 it started manufacturing cans. In December 2017 it acquired PT Windublambangan Sejati, which processed shrimp and octopus and operated cold storage in Banyuwangi. In September 2018 the company was officially listed on the Indonesia Stock Exchange. In October 2021, through PT Multi Artha Pratama, PT Agung Sedayu and PT Tunas Mekar Jaya (Salim Group) acquired 80% of the company's shares. PANI then changed its business from canning to property through a backdoor listing scheme. In August 2022 it acquired 51% of PT Bangun Kosambi Sukses, the developer of the PIK2 area. PT Bangun Kosambi Sukses then acquired 51% of PT Mega Andalan Sukses and PT Cahaya Gemilang Indah Cemerlang, which would develop several properties in the PIK2 area. The company then stopped producing cans to focus on managing its subsidiaries' businesses. It also cooperated with Malaysia's Matrix Concept Holdings to build a 23.5-hectare Islamic Financial Center in PIK2 CBD. In 2023 the company divested PT Windublambangan Sejati. Also in 2023, it changed its name to the current one and moved its head office to North Jakarta. PIK2's facilities span residential, commercial, tourism, shopping, and religious categories. Residential offerings include Manhattan, San Antonio, Bukit Danau Indah, Pantai Bukit Nirmala, Permata Golf, Osaka Residences, and Tokyo Riverside Apartment. Commercial properties include Tokyo Hub, Ruko Amsterdam, and Rukan Osaka. Tourism and leisure assets include Ruko Amsterdam, Pantai Pasir Putih, and Land's End. Shopping centers include Indonesia Design District and Orange Groves at PIK 2. Religious sites include Masjid Menara Syariah PIK 2, Masjid Agung PIK 2, Taman Doa Hati Tersuci Maria, and Taman Doa Our Lady of Akita. Public transport in PIK2 is dominated by shuttle buses and outbound bus routes. Starting 1 October 2025, Pantai Indah Kapuk 2 began cooperating with Transjakarta by renting Royaltrans buses as connecting buses between Pantai Indah Kapuk 2 and Pantai Indah Kapuk. This marked a shift from the previous cooperation between Pantai Indah Kapuk and PT DAMRI. Besides shuttle buses using Royaltrans Transjakarta buses, there are also routes using TREX (Transit Express) buses plus double-decker tourist buses from Transjakarta. Shuttle routes served by Royaltrans Transjakarta include Route 1: Shelter PIK 2 (Shibuya) – PIK Avenue via NICE; Route 2: PIK Millennials (Cluster Florida) – PIK Avenue; Route 3: Tokyo Riverside Apartment – PIK Avenue. TREX routes include Route 4: Shelter PIK 2 – PIK Avenue via Rasuna Said PIK. Tourist shuttle routes include W1: Wisata PIK 2, serving Shibuya – PIK Avenue with stops at tourist locations within PIK2; W2: Tokyo Riverside – PIK Avenue; W3: Pantai Maju – GKT PIK 2. External bus routes connecting to PIK2 include Transjakarta T31: PIK 2 – Blok M and JR Connexion Sedayu City Kelapa Gading – Tokyo Riverside PIK 2. Shareholding structure as of 27 February 2026 shows highly concentrated ownership in one controlling shareholder, with several other shareholders through offshore entities. Four corporate shareholders are registered in offshore jurisdictions, namely the Cayman Islands and British Virgin Islands. These entities collectively control about 8.85% of PANI shares. If ownership from these offshore entities is not considered part of a truly independent free float, PANI's effective free float is estimated at only about 7.

PT Pantai Indah Kapuk Dua Tbk began its history in Tangerang in September 2000 under the name PT Pratama Abadi Nusa Industri. In March 2001, the company started manufacturing cans. In December 2017, it acquired PT Windublambangan Sejati, a company engaged in shrimp and octopus processing and cold storage operations in Banyuwangi. In September 2018, the company was officially listed on the Indonesia Stock Exchange. In October 2021, through PT Multi Artha Pratama, PT Agung Sedayu and PT Tunas Mekar Jaya (Salim Group) officially acquired 80% of the company's shares. PANI then had its business changed by the two groups from canning to property through a backdoor listing scheme. In August 2022, the company acquired 51% of PT Bangun Kosambi Sukses, which develops the PIK2 area. PT Bangun Kosambi Sukses then acquired 51% of PT Mega Andalan Sukses and PT Cahaya Gemilang Indah Cemerlang, which would develop several properties in the PIK2 area. The company then stopped producing cans to focus on managing the businesses of its subsidiaries. The company also established cooperation with Malaysia's Matrix Concept Holdings to build a 23.5-hectare Islamic Financial Center in PIK2 CBD. In 2023, the company divested PT Windublambangan Sejati. Also in 2023, the company changed its name to the current one and moved its head office to North Jakarta. The company's principal property, the PIK2 township, is located in Kosambi and Teluknaga districts, Tangerang Regency, Banten, with an area reaching 1,064.82 hectares for the first phase. As of 27 February 2026, the shareholding structure shows highly concentrated ownership in one controlling shareholder, with several other shareholders through offshore entities. Four corporate shareholders are registered in offshore jurisdictions, namely the Cayman Islands and British Virgin Islands. These entities collectively control about 8.85% of PANI shares. If ownership from these offshore entities is not considered part of a truly independent free float, PANI's effective free float is estimated at only about 7.06%, far below the 15% free float threshold being prepared by the Indonesia Stock Exchange (BEI) and the Financial Services Authority (OJK) as part of Indonesia's capital market reforms. Foreign ownership in PANI shares also increased from about 6.39% in February 2025 to 11.42% in February 2026, indicating a significant rise in foreign investor participation during that period. Based on beneficial ownership data, the main beneficial owners of PT Pantai Indah Kapuk Dua Tbk (PANI) include Susanto Kusumo, Alexander Halim Kusuma, Richard Halim Kusuma, and Hindarto Budiono.

• 2025

  Began cooperation with Transjakarta on 1 October 2025, renting Royaltrans buses as connecting buses between PIK2 and PIK.

• 2023

  Divested PT Windublambangan Sejati; changed name to PT Pantai Indah Kapuk Dua Tbk and moved head office to North Jakarta.

• 2022

  Acquired 51% of PT Bangun Kosambi Sukses, developer of the PIK2 area; PT Bangun Kosambi Sukses then acquired 51% of PT Mega Andalan Sukses and PT Cahaya Gemilang Indah Cemerlang.

• 2021

  PT Agung Sedayu and PT Tunas Mekar Jaya (Salim Group), through PT Multi Artha Pratama, acquired 80% of the company; business shifted from canning to property via backdoor listing.

• 2018

  Officially listed on the Indonesia Stock Exchange.

• 2017

  Acquired PT Windublambangan Sejati, a shrimp and octopus processor with cold storage in Banyuwangi.

• 2001

  Started manufacturing cans.

• 2000

  Company founded in Tangerang as PT Pratama Abadi Nusa Industri.

Large-scale integrated township developer in Greater Jakarta, focused on the PIK2 waterfront city in Tangerang, Banten.

• Manhattan

• San Antonio

• Bukit Danau Indah

• Pantai Bukit Nirmala

• Permata Golf

• Osaka Residences

• Tokyo Riverside Apartment

• Tokyo Hub

• Ruko Amsterdam

• Rukan Osaka

• Pantai Pasir Putih

• Land's End

• Indonesia Design District

• Orange Groves at PIK 2

• Masjid Menara Syariah PIK 2

• Masjid Agung PIK 2

• Taman Doa Hati Tersuci Maria

• Taman Doa Our Lady of Akita

1. 1Pantai Indah Kapuk Dua - Wikidatawikidata.org
2. 2Pantai Indah Kapuk Dua - Wikipedia Indonesiaid.wikipedia.org