Polychem Indonesia purchases Bank Ganesha shares for Rp 9.49 billion

09 January 2019 11:54

JAKARTA - PT Polychem Indonesia Tbk (ADMG) has purchased shares in PT Bank Ganesha Tbk (BGTG) for Rp 9.49 billion.

ADMG purchased 114.43 shares in BGTG at Rp 83 per share. Following the purchase, ADMG now owns a 1.03% stake in BGTG.

“The transaction took place on December 28, 2018 as an additional investment recorded as marketable securities,” said ADMG Director Gunawan Halim in an information disclosure to the Indonesia Stock Exchange (IDX), Tuesday (8/1).

At the end of Tuesday’s trade, ADMG stock price dropped 1.84% to Rp 320 per share, while BGTG stock price hiked 2.38% to Rp 86 per share. (MS)

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