JAKARTA - PT Indika Energy Tbk (INDY) increased its ownership in Nusantara Resources Ltd through the Australian Stock Exchange (ASX). With the purchase of additional shares, the ownership of Indika shares in NUS reached 21.04%.
As quoted from the disclosure of company information, Adi Pramono, Corporate Secretary of PT Indika Energy Tbk (INDY) said the company bought 1,905,261 shares, equivalent to 1.14% of the total number of NUS shares. "This transaction is a strategic step to increase ownership in NUS as one of the business diversification strategies," he said.
According to him, transactions with accumulated ownership of 1% or more must be reported according to the rules set by ASX. (LK)