JAKARTA. PT Elang Mahkota Teknologi Tbk (EMTK) or Emtek will resume its share buyback with a maximum value of Rp 300 billion.
The buyback first commenced at the end of April 2020 with a budget of as much as Rp 1 trillion.
In a stock exchange filing on Monday (10/8), Emtek Corporate Secretary Titi Maria Rusli said the company will buy back as much as 20% of its shares.
The company's board of directors, she said, believes that the buyback will not affect its operation due to its adequate working capital and cashflow. (AM/MS)