Agencia Comercial Spirits Unit Signs Conditional Deal for Seven Hectares in West Java

Agencia Comercial Spirits Ltd's Indonesian subsidiary entered a conditional land sale and purchase agreement on October 8, 2026 to acquire approximately seven hectares in West Java, Indonesia, for an aggregate consideration equivalent to approximately US$30 million to US$40 million. GlobeNewswire reported the agreement.

Agencia Comercial Spirits' West Java Land Purchase

Agencia Comercial Spirits is a Nasdaq-listed company with two principal business focuses: its established premium whisky operations and the development of AI computing infrastructure and cloud-based computing services, according to company records. The land is held under Indonesian Right to Build (Hak Guna Bangunan, or HGB) title and is intended to support the company's planned development of high-performance computing and AI computing infrastructure and data center facilities.

The aggregate land purchase consideration and reimbursement of electricity connection fees are equivalent to approximately US$30 million to US$40 million, excluding additional interconnection works, applicable taxes and transaction fees payable by the subsidiary. The contractual amounts are denominated in Indonesian rupiah, and the U.S. dollar range is indicative and subject to exchange rate movements. The land consideration is payable in stages following execution of the agreement, transfer of the electricity connection into the subsidiary's name and closing. Electricity connection fees are reimbursable separately as the seller pays them, and reimbursement is not conditional on completion of that transfer.

Execution of the land transfer deed is contemplated by January 31, 2027, or such other date as the parties may agree. Completion remains subject to the agreement's conditions, including extensions of HGB title, due diligence, transfer of electricity and water supply arrangements, completion of interconnection works and delivery of unencumbered title, including resolution of an identified land-title matter. The acquisition forms part of the company's planned AI computing infrastructure development alongside its established whisky business, and it does not itself establish operational computing capacity or generate customer revenue.

Agencia Comercial Spirits' Indonesia Power and Land Records

According to akta.pro company records, PT PLN (Persero), the Indonesian state-owned electricity company, is providing dual-feed power supply infrastructure for AGCC's planned AI computing data center in Indonesia, with each power feed rated at 55,400 kVA supporting a roughly 40MW IT load requirement and an aggregate connection fee of approximately IDR 69.9 billion. The same records show a February 2026 nonbinding Letter of Intent with an Indonesia-based counterparty for a land parcel of approximately 50,000 square meters to support proposed data center site development in Indonesia, with initial booking deposits of approximately $180,000 plus IDR 3.3 billion including VAT.

Indonesia AI Deals Before the Land Agreement

Agencia Comercial Spirits' Indonesian subsidiary issued two Letters of Award for MEP equipment and installation for Phase 1A of its AGCC-JKT01 data center in West Java in September 2026, Stock Titan reported. In August 2026, the company announced that its subsidiary entered a five-year networking integration agreement with an independent service provider for $10 million to support AI computing infrastructure deployment in Indonesia, Stock Titan reported. In July 2026, the company announced through its subsidiaries multiple agreements for AI computing infrastructure deployment in Indonesia totaling approximately $61.1 million, Quiver Quantitative reported.

Agencia Comercial Spirits' January 2027 Transfer Date

Execution of the land transfer deed is contemplated by January 31, 2027, or such other date as the parties may agree, subject to the agreement's conditions.