Monday, July 13, 2026
IDXChannel – PT Oscar Mitra Sukses Sejahtera Tbk (OLIV) has officially changed its corporate name to PT Atlas Nexus Group Tbk, following the entry of a new controlling shareholder from China.
PT Olive Power Invest is now the controlling shareholder of OLIV, holding 67.91% of the company’s issued and paid-up share capital. Alvien Febryan and Jayden Lee have been identified as the company’s Ultimate Beneficial Owners (UBOs).
At the Extraordinary General Meeting of Shareholders (EGMS) held on June 11, 2026, shareholders approved the company’s proposals to change its corporate name, controlling shareholder, and management.
These changes are in line with the company’s strategic transformation from the furniture industry to the electric vehicle (EV) sector. OLIV plans to build a comprehensive EV ecosystem, particularly for commercial vehicles, covering leasing solutions, fleet services, and Internet of Things (IoT)-based technology systems.
