Chia Ah Hoo increases its stake in Adaro Energy
JAKARTA. One of the directors of PT Adaro Energy. Chia Ah Hoo, purchased 1.5 million of the company's shares for Rp 967.5 million on Thursday (19/3).
According to the company's disclosure on Friday (20/3), the transaction was done at a price of Rp 645 per share. After the transaction, Chia Ah Hoo now has 10.59 million shares or 0.03% of Adaro Energy's shares.
In 2019, Adaro Energy's net profit fell by 3.23% YoY from US$ 417.72 million to US$ 404.19 million. The company's revenue also fell by 5% from US$ 3.62 billion to US$ 3.46 billion. (AM/AR)