JAKARTA – Mahogany Global Investment Pte Ltd (MGI) increased its ownership percentage in PT Wahana Interfood Nusantara Tbk (COCO) by 4.22% after acquiring 57,675,325 shares last week (28/12). Financial Director of COCO, Firman Budidarma, relayed the news in the information disclosure quoted Thursday (6/1).
It was mentioned that MGI’s portion now accumulates to 330,716,673 shares from 273,041,348 shares, growing from 30.68% to 34.9% of COCO’s entire capital. The purchase price was set to IDR 298 per share, thus totalling IDR 17.18 billion of investment made by MGI.
Earlier in December 2021, MGI stepped in as one of COCO’s shareholders via a rights issue, claiming 30.68% of the shares. MGI then declared its commitment as the controlling shareholder, acquiring 59.21% of the shares under the condition that it must take over all the unclaimed shares of other shareholders. (LK/ZH)