HomeNewsVideos

Indorama Holdings added a 6.9% stake in INDR

02 February 2021 12:36

JAKARTA - Indorama Holdings BV (IHBV) increased its share ownership by 6.9% in PT Indorama Synthetics Tbk (INDR), in twice share purchases during January 2021. The accumulated investment is amounted to IDR 143.52 billion

VS Baldwa, President Director of INDR, said that IHBV's share ownership in INDR rose to 46.8%, from previously 42.1%. "The number of shares transacted was 30,966,750 shares," he said as quoted from the information disclosure on Tuesday (2/2).

According to Baldwa, the share purchase for long-term investment was carried out at a price of IDR 2,750 per share, last week (28/1). It means, Indorama Holdings injected funds of IDR 81.15 billion through this transaction.

In the transaction (12/1), IHBV also purchased 20,931,500 shares at a price of IDR 2,980 per share. The investment disbursed in the transaction amounted to IDR 62.37 billion, so that IHBV's share ownership rose 3.2% to 42.1%, from previously 38.9%. (LK/VA)

© 2024 - IDN Financials - All Rights Reserved.