Arthakencana increases its stake in AKRA
JAKARTA. The controlling shareholder in PT AKR Corporindo Tbk. (AKRA), PT Arthakencana Rayatama, purchased 3.12 million AKRA shares for Rp 9.49 billion.
Director of Arthakencana Rayatama Cynthia Theresia Buniardi said the company purchased AKR Corporindo's shares during the period of 14-20 February 2020. The average purchase price was Rp 3,024.14 per share.
Arthakencana now holds 59.19% of AKRA's shares. With this transaction, its stake in AKRA rose by 0.08%. "The purpose of the transaction is for investment, with direct ownership," he explained in the disclosure of information last week.
In 2020, AKRA's share price fell by 22.53%. AKRA share price at the end of trading on Thursday (20/2) was recorded at Rp 3,060.
As of September 2019, AKR Corporindo had generated Rp 15.11 trillion in revenue, lower than the figure recorded in 2018 of Rp 16.82 trillion. The company's net profit also fell from Rp 1.31 trillion to Rp 546.75 billion. (AM/AR)