JAKARTA - PT Barito Pacific Tbk (BRPT) prepares a Rp 1 trillion budget for its buyback, which will be held starting today for three months.
As quoted from the company's disclosure on Thursday (12/3), the buyback will be carried out at a lower price or the same as the price of the previous trade. However, the company will not buy back shares if there is a negative impact that will affect the company's liquidity and capital.
The buyback is the company's response to the 18.46% decline of the Jakarta Composite Index (JCI) in Q1 2020. (LK/AR).