JAKARTA – PT Perintis Triniti Properti Tbk (TRIN) cancelled its plan of repurchasing its shares of a maximum of 20% of its entire issued and paid-up capital as TRIN’s stock price shifts upward. President Director of Perintis Triniti Properti, Ishak Chandra, announced the decision in the information disclosure, quoted Tuesday (2/11).
“The company’s stock has been getting better. Should it require to launch a buyback in the future, we will inform it then,” Chandra reaffirmed.
As of November 1, 2021, TRIN’s stock price arrived at IDR 222 per share, jumping from IDR 171 recorded on October 11, 2021.
TRIN is known to have allocated IDR 10 billion for this buyback, scheduled from July 29 to October 29, 2021. However, there had been no transactions made by the time the said period ended. If it went according to the plan, TRIN’s assets would shrink by IDR 10 billion, moving from IDR 1.55 trillion to IDR 1.54 trillion. Its equity would also deplete from IDR 695.37 billion to IDR 685.37 billion.
Until September 2021, TRIN’s shares were reported to reach 4,373,554,790 shares. PT Kunci Daud claimed 41.25%, PT Intan Investama 33.75, and the public shared the remaining 25%. (LK/ZH)