JAKARTA. PT Selamat Sempurna Tbk (SMSM), an automotive component manufacturer, reveals its plan to sell off 4,772,200 shares of its treasury stock.
The sale of these treasury shares is scheduled to take place from December 2 to 28, 2022. SMSM has assigned PT Investindo Nusantara as the lead arranger of this corporate action.
“There will be no impact of event, material information, or facts on the operational activities, legal, financial condition, and sustainability of the company,” Ang Andri Pribadi, Director of SMSM reaffirmed.
Based on idnfinancials.com data, SMSM’s stock price has increased 14.29% year-to-date (ytd) or 195 points to IDR 1,460 per share. Assuming that the company decides to exercise said price in selling these shares, it might gain fresh funds of IR 6.97 billion from this divestment.
PT Adrindo Intiperkasa currently controls 50.54% of SMSM’s shares. Approximately 41.5% of shares belong to public investors, and another 0.083% is SMSM’s treasury stock, leaving the small remaining portion shared among directors and commissioners of the company. (KR/ZH)