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HK Metals Utama increases stake in Handal Alumunium Sukses

24 February 2021 06:19

JAKARTA - PT HK Metals Utama Tbk (HKMU) purchased 3.45% shares of PT Hakaru Metalindo Perkasa (HMP) in PT Reli Alumunium Sukses (HAS). This was conveyed by Jodi Pujiyono, Corporate Secretary of PT HK Metals Utama Tbk (HKMU) in an information disclosure quoted on Wednesday (24/2).

He conveyed that after the transaction, HKMU's ownership in HAS increased to 94.82%. The number of shares purchased was 56 million shares with a value of IDR 5.6 billion. The two companies have an affiliate relationship because the members have the same shareholders and members of the board of directors namely, Andriani and Ngasidjo Achmad.

According to him, HKMU is the controlling shareholder of HAS with shares ownership of 91.37% or 1,483 million shares, while HMP owns 3.45% of shares in HAS. Since HMP has become a shareholder of HAS, the company has not paid any capital to HAS. Therefore, the affiliated transaction between HKMU and HMP was to realize HAS's unpaid capital deposit. (LK/LM)

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