JAKARTA - Hanwha General Insurance Co. Ltd., a South Korean insurance company, acquired 14.9% of PT Lippo General Insurance Tbk (LPGI) after purchasing 44.7 million LPGI shares. It didn't stop there; its Indonesian subsidiary, PT Hanwha Life Insurance Indonesia, also purchased 143.05 million LPGI, which equals 47.69% ownership, bringing Hanwha Group's total holding to 62.59% on March 29. PT Inti Anugerah Pratama, the controlling shareholder of LPGI, on the other hand, sold 128.36 million shares, shrinking its stake in the insurance provider from 65.79% to 23%.

More from foreign investors: UOB Kay Hian Private Limited chose to sell 379 million shares of gold mining company PT Archi Indonesia Tbk (ARCI). PT GoTo Gojek Tokopedia Tbk's two foreign investors have also opted to sell shares, namely GOTO Poepleverse Fund (214.23 million shares) and SVF GT Subco (Singapore) Pte Ltd. (49.07 million shares).

From the domestic investor market, PT Delta Dunia Makmur (DOID) was still buying back 2.5 million shares. PT Capital Life Syariah, on the other hand, continued to sell 97.33 million shares of PT Metro Healthcare Indonesia Tbk (CARE), which was followed by PT ASABRI (Persero) selling 6.07 million shares of PT Hartadinata Abadi Tbk (HRTA). Sujito Ngatiman is the list's sole individual investor, having sold 13.5 million shares in PT Dewi SHRI Farmindo Tbk. (DEWI). (KD)

Always get the best market hints at IDNFinancials!