LTLS - PT. Lautan Luas Tbk

Rp 460

-2 (-0,43%)

JAKARTA. PT Lautan Luas Tbk (LTLS) has purchased 3,847,410 of PT Unggul Indah Cahaya Tbk (UNIC) shares at a price of Rp 18.08 billion (Rp 4,700 per share).

Joshua C. Asali, Director of LTLS, said that the company purchased the shares from public investors. After the purchase, which was carried out on Monday (19/10), the company now controls 5.9% of UNIC shares.

"This transaction is expected to have a positive impact on the company," said Asali through a disclosure published on the Indonesia Stock Exchange's website today.

At the end of the first semester of 2020, LTLS' management mentioned in its financial report that UNIC is the company's sales partner. As of 30 June 2020, LTLS had cash and cash equivalents of Rp 454.21 billion. The company recorded a revenue of Rp 2.88 trillion, with a net profit of Rp 6.4 billion.

According to data from idnfinancials.com, UNIC's share price on Monday (19/10) was opened at the level of Rp 3,890 per share, with the lowest point of Rp 3,780 per share. (KR/AR)