JAKARTA. A state-owned mining company, PT Bukit Asam Tbk (PTBA), had transferred 262.5 million shares for IDR 598.5 billion to PT Taspen (Persero). With this transaction, conducted through a private placement, PTBA’s shares that belong to Taspen increase to 3%.
The transferred shares originated from PTBA’s treasury stock of 303.15 million shares in total. These are gained through a buyback held from September 2, 2015, to December 1, 2015.
Thus, after the stock transfer, Taspen now acquires 358.4 million units of shares, equal to 3%. It is higher than the previous ownership percentage of 1% or 95.9 million shares.
Suryo Eko Hadianto, President Director of Bukit Asam, believed that this transfer of shares would solidify the good partnership formed between PTBA and Taspen as synergised state-owned enterprises. “In the future, we wish to give optimum benefits for all parties,” he expressed his hopes in the stock transfer expose yesterday (29/9).
Antonius N S Kosasih, President Director of Taspen, also wished that purchasing PTBA’s stocks could be an investment alternative, considering how coal price is increasing and stabilising. (AM/ZH)