JAKARTA – West Bridge Development Limited (WBDL) has reportedly divested 13.73% of its shares in PT Mega Manunggal Property Tbk (MMLP) in a transaction held last week (27/4).

In the information disclosure quoted Thursday (4/5), Jeremy Muliawan, Corporate Secretary of Mega Manunggal Property, confirmed that the number of divested shares reach 945,957,428 units, sold for IDR 461 each. After this transaction, WBDL’s portion shrinks to 3.16% or 217.83 million shares from 16.89% or approximately 1.16 billion shares.

Once accumulated, the total transaction value clocks up to IDR 436.08 billion. The transaction is related to exchangeable bonds issued by WBDL.

On the same day, Temasek Holdings (Private) Limited was seen acquiring the same number of shares sold by WBDL.

Until March 2023, MMPL recorded 6.88 billion shares, 14.61% of which belonged to UOB Kay Hian, Hong Kong, followed by WBDL of 16.893%, UOB Kay Hian Pte of 18.181%, PT Mega Mandiri of 15.919%, and public investors of 33.397%. (LK/ZH)