JAKARTA. PT Jaya Real Property Tbk (JRPT), a real estate and property developer under Pembangunan Jaya, once again allocates IDR 100 billion for shares buyback.

The shares that will be repurchased by JRPT in this corporate action reach 200 million units of shares. They are equal to 1.533% of the entire issued and paid-up capital.

The management of JRPT said that the buyback will last a maximum of three months starting from January 17, 2023. “The buyback will not significantly affect the performance and revenue of the company,” they stated in the information disclosure in Indonesia Stock Exchange (IDX).

After shares buyback, its profit per share will increase from IDR 47.23 to IDR 48.23. The buyback will take place both inside and outside the stock exchange. The company will also assign one stock exchange member as the broker.

“The company wishes to sustain future growth, which will bring benefits to all stakeholders. One of the means is to maintain the stability of profit per share of the company,” the management of JRPT further explained. (KR/ZH)