JAKARTA - PT Perintis Triniti Properti Tbk (TRIN) has prepared a budget of Rp 20 billion for its buyback, which will be held from 6 August to 7 November 2020.
As quoted from the company's disclosure published on Wednesday (5/8), Riska Afriani, Corporate Secretary of PT Perintis Triniti Properti Tbk (TRIN) said that the company's share fell by 31% since the beginning of the year, from Rp 340 per share to Rp 234 per share.
"The significant decline in the company's stock price does not reflect positive performance. The company wants to show its commitment to increase shareholder value by returning excess free cash flow to our shareholders through buyback," he said. (LK/AR)