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Hermina Medikaloka to repurchase 25 million shares

06 September 2021 13:04

JAKARTA. PT Hermina Medikaloka Tbk (HEAL) would repurchase its shares (buyback) of 25 million shares at most for IDR 30 billion.

Aristo Setiawidjaja, Director of HEAL, reveals that the shares buyback would be conducted from September 3, 2021, to October 1, 2021. “The buyback would be performed through transactions in Indonesia Stock Exchange (IDX) using the service of broker-dealers,” he confirms in the information disclosure.

HEAL limits the price of the shares during this buyback to IDR 1,300 per share. The sources of the funds used in this corporate action would come from its own internal cash.

“The company possesses sufficient working capital and cash flow to cover the plan of this buyback,” Setiawidjaja reassures.

Based on idnfinancials.com data, as of June 2021, HEAL’s cash and bank equal IDR 572.79 billion. Meanwhile, assets of the company clock up to IDR 7.17 trillion. (KR/ZH)

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