JAKARTA – Shares of PT Fast Food Indonesia Tbk (FAST) continued their downward slide despite a recent capital injection from shareholders, including PT Indoritel Tbk (DNET).

As of the first trading session at 11:36 AM local time on Monday (2/6), FAST shares had plunged 9.27% to IDR 274 per share. The stock opened at IDR 304, reached a high of IDR 306, and fell as low as IDR 270.

Over the past week, since receiving the shareholder injection, FAST shares have slumped 27.27%.

Meanwhile, DNET shares edged down 0.76% to IDR 9,850 as of 11:26 AM WIB. Over the past week, DNET has slipped 1.25% since providing the IDR 40 billion capital injection to FAST on 28 May 2025.

Kiki Yanto Gunawan, Corporate Secretary of DNET, stated that the capital injection was carried out through a private placement or Capital Increase Without Pre-emptive Rights (PMTHMETD).

“DNET’s ownership increased by 1.67%, from 35.84% to 37.51%,” he said in a disclosure.

As is known, FAST issued 533.33 million new shares through the private placement. At an issue price of IDR 150 per share, the KFC franchise operator raised IDR 80 billion in fresh capital.

Prior to the placement, FAST had paid-up capital of IDR 199.51 billion. Its shareholder structure included PT Gelael Pratama (GP) at 40%, DNET at 35.84%, BBH Luxembourg at 7.90%, the public at 16.18%, and treasury shares at 0.08%.

Following the placement, FAST’s paid-up capital increased to IDR 226.18 billion. The revised shareholder structure now consists of GP at 41.18%, DNET at 37.51%, BBH Luxembourg at 6.97%, the public at 14.27%, and treasury shares at 0.07%. (LK/KR/ZH)