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Selling its treasury stock, Eastparc Hotel gains IDR 1.84 billion

14 September 2021 11:31

JAKARTA. PT Eastparc Hotel Tbk (EAST) had collected revenue of IDR 1.84 billion from the sales of its treasury stock, taking place from April to September 2021.

Muhammad Anis, Director of EAST, reveals that the number of transferred treasury stock amounts to 26.47 million shares. They were sold at the highest price of IDR 83 each and the lowest of IDR 60 each.

According to idnfinancials.com data, EAST’s stock price jumps 8.47% of 5 bps year-to-date (ytd) to IDR 64 per share at 11.16 AM WIB today (14/9). Yesterday, however, it was closed at IDR 64 per share.

As of June 30, 2021, EAST’s cash is reported to reach IDR 1.2 billion, while its total assets amount to IDR 257.81 billion. Meanwhile, by the end of the first six months of this year, the company’s revenue amounts to IDR 21.68 billion, collecting a net profit of IDR 3.34 billion.

Khalid bin Omar Abdat, the Singaporean businessman, is still the controller of EAST’s shares with an ownership percentage of 40.89%. On the other hand, public investors share 19.39% of EAST’s shares among themselves. (KR/ZH)

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