PT PMA equity
investment in the city company — instrument F of the strategy. Not a plot: a share of the OpCo that holds the land rights, infra, and recurring streams.
Cap table grain
| Issued | 8,040 shares |
| Minimum subscription | 4 shares |
| Payment | 100% at subscription |
One share = 1 / 8040 of the company. Floor of four keeps the register usable and blocks dust holdings.
What it is / is not
- Is: equity in PT PMA — claim on the machine (leases, tariffs, participation, exit events per shareholders agreement)
- Is not: a residential or commercial parcel (those are A–E); not a JV OpCo stake for a single venue (that is C)
Cash waterfall and shareholder rights live in the SHA — strategy only states that this channel exists and the grain is 8040 / min 4.