JAKARTA. PT Jaya Real Property Tbk (JRPT) announces its plan to extend the shares buyback period following the Indonesia Composite Index (ICI) decline of up to 18.46% from the beginning of 2021 until March 9, 2021.
In an official statement received by idnfinancials.com, JRPT has prepared a budget of IDR 100 billion for this shares buyback. With this amount of funds, the total shares to be repurchased by JRPT reach 210.97 million units, equal to 1.558% of its issued and paid-up capital.
This period extension would allow JRPT to hold the shares buyback to at least three months later. As an additional record, JRPT had appointed PT Indo Premier Sekuritas as the broker.
Based on idnfinancials.com data, PT Pembangunan Jaya still controls 64.45% of JRPT until March 31, 2021. Then, another 14.22% belongs to Watiga Trust Pte Ltd, 1.33% to Vivian Setjakusuma, 20% to the public investors, while the remaining portion is stored as treasury stock. (KR/ZH)