JAKARTA. PT Bukit Asam Tbk (PTBA) plans to sell more of their treasury shares in mid-2019, following the sales made on 2 April 2019 of as many as 63.17 million shares. PT BNI Sekuritas and PT Bahana are the buyers of the treasury shares.
Based on the disclosure of information on the Indonesia Stock Exchange (IDX), the selling price of treasury shares was at the level of Rp. 4,220 per share. Thus, PTBA earned funds of up to Rp 266.58 billion.
As a result of the sale, the remaining number of PTBA treasury shares became 917.11 million shares. Previously, PTBA owned 576.04 million treasury shares that will be mature on 23 May 2019.
Finance Director of PTBA, Mega Satria, said that the funds from the sale were mostly used to finance PTBA's capital expenditure (CapEx). (AM/AR)