WIKA sold its buyback shares at a price of Rp 1,804 per share
JAKARTA - PT Wijaya Karya (Persero) Tbk (WIKA) sold 6,018,500 shares that were bought during its buyback period at a price of Rp 1,804 per share. WIKA managed to obtain Rp 10.85 billion from the transactions.
As quoted from the company's disclosure, Mahendra Vijaya, Corporate Secretary of PT Wijaya Karya (Persero) Tbk (WIKA) said the shares were sold from 11 October to 4 December 2019. "The transfer of shares was carried out by PT Bahana Sekuritas," he said.
The buyback was carried out due to the significant decline in the Jakarta Composite Index (JCI) in 2013, which reached 23,91%. (LK/AR)