ARTO - PT. Bank Jago Tbk

Rp 9.375

+225 (+2,40%)

JAKARTA - PT Bank Artos Indonesia Tbk (ARTO) has completed the sale of 51% of its shares to PT Metamorphosis Indonesia and Wealth Track Technology Limited, a Hong Kong-based company. The total sales value of 51% of ARTO shares reached Rp 242.99 billion.

Quoted from the disclosure of company information delivered yesterday (12/26), PT Metamorfosis Indonesia acquired 454,153,125 shares or 37.65% of ARTO shares with a purchase price of Rp 395 per share. Total transactions from the purchase of these shares amounted to Rp 179.39 billion. While Wealth Track Technology acquired 161,034,375 shares or 13.35% shares at a share price of Rp 395 per share or a total of Rp 63.60 billion.

PT Indonesian Ecosystem Metamorphosis is led by Jerry Ang and Anika Faisal, who previously worked at PT Bank National Pension Savings Tbk (BTPN). While Patrick Sugito Walujo is a former investment banker at Goldman Sachs & Co., and associate at Ernst & Young. (LK)