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Hotel Candi Baru now owns 68% of Sido Muncul (SIDO) after acquiring 5.14 billion shares

18 Apr 2024 17:15

On Friday, April 5, PT Hotel Candi Baru, the controlling investor in PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO), increased its stake by 5.14 billion shares via PT BNI Sekuritas. This share purchase also increased Hotel Candi Baru's ownership of the herbal medicine producer from 51% to 68.14% of SIDO shares. PT. Ahabe Niaga Selaras has also become a new shareholder in the automotive company, PT Bintraco Dharma Tbk (CARS). This investor acted quickly, acquiring 1.40 billion shares, or roughly 9.34% ownership, through two securities firms.

Hotel Candi Baru now owns 68% of Sido Muncul (SIDO) after acquiring 5.14 billion shares

Foreign sell volume hit 5.64 billion shares, resulting in 644.14 million of negative net foreign

17 Apr 2024 23:35

The net foreign list on Tuesday, April 16, showed an increase in foreign selling volume, which totaled around 5.64 billion shares. Meanwhile, foreign investors only acquired a total of 4.99 billion shares, leaving net foreign volume at -644.14 million shares. The state-owned telecoms operator PT Telkom Indonesia (Persero) Tbk (TLKM) had the greatest net volume (-172.72 million shares) after 413.97 million shares were sold.

Foreign sell volume hit 5.64 billion shares, resulting in 644.14 million of negative net foreign