JAKARTA - On Friday, March 8, over 2.29 billion shares of PT Bank BTPN Tbk (BTPN) were annexed by Sumitomo Mitsui Banking Corporation - Equity, the bank's majority shareholder. SMBC had previously owned about 88.52% of BTPN shares, but after this most recent transaction, its ownership has increased to 91.06%. PT Bank HSBC Indonesia was chosen to facilitate the purchase. In addition, Low Tuck Kwong, the controlling shareholder of PT Bayan Resources Tbk (BYAN), acquired 173.02 million BYAN shares. The ownership of this individual investor increased as well, going from 61.61% to 62.12%.

Then, PT Arthakencana Rayatama purchased nearly 37 million shares of fuel product distributor PT AKR Corporindo Tbk (AKRA), while a foreign investor called Barokah Melayu Foods Pte Ltd added 27 million shares of restaurant management company PT Champ Resto Indonesia Tbk (ENAK), also known as Champ Group. Not only that, but the securities company PT Yulie Sekuritas Indonesia Tbk (YULE) reported that 3 million YULE shares were transferred from PT Gema Buana Indonesia to a foreign investor, Bank of Singapore Limited.

Other notable companies also carried out share cuts. PT Tunggal Jaya Investama sold 550.45 million shares of plastic building materials producer PT Impack Pratama Industri Tbk (IMPC), as well as PT Trukindo Persada Sejahtera which sold 1.03 million shares of companies in the mining consulting services sector PT Sumber Energi Andalan Tbk (ITMA). In addition, 10.65 million shares of the digital company PT Goto Gojek Tokopedia Tbk (GOTO) were released by the foreign investor GOTO Peopleverse Fund. Meanwhile, the Government of Singapore, through Citibank Singapore, kept selling shares of the telecom infrastructure provider PT Dayamitra Telekomunikasi Tbk (MTEL), this time selling 4.27 million shares. (KD)

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