JAKARTA. PT Jaya Real Property Tbk (JRPT), a property and real estate company under PT Pembangunan Jaya, allocated IDR 60 billion to repurchase its shares or a buyback for the next three months.
In the information disclosure in Indonesia Stock Exchange (IDX) earlier today (8/10), the amount of shares to be repurchased by JRPT is 126.05 million units. It is equal to 0.94% of the company’s total issued and paid-up capital.
“The company wished to keep maintaining a simultaneous growth within the next years, thus benefitting all the stakeholders. One of the strategies is to maintain the stability of profit per share by repurchasing the shares,” the management further explained.
According to idnfinancials.com, JRPT carries treasury stock of 204.24 million shares and outstanding shares of 13.55 billion shares as of June 30, 2021. Then, 64.55% of the outstanding shares are controlled by Pembangunan Jaya, while another 24.09% belongs to public investors.
JRPT possessed cash and cash equivalents of IDR 1.29 trillion by the end of the first half of 2021. Meanwhile, the company’s total assets were reported to reach IDR 11.97 trillion. (KR/ZH)