JAKARTA - On Monday, September 30, Low Tuck Kwong, the founder and president of PT Bayan Resources Tbk (BYAN), acquired over 1.5 billion shares from the coal mining issuer. His share portion of BYAN has increased to 40.16% from his previous 35% control. He utilized PT Maybank Sekuritas Indonesia and BUT Deutsche Bank AG to complete this share purchase transaction.

Agus Sanusi, a private investor, also made the decision to purchase 33.36 million shares of PT Lupromax Pelumas Indonesia Tbk (LMAX), making him the new owner of 5.12% of the business that deals with engine lubricants and lubricant additives. Additionally, 35.17 million shares of PT AKR Corporindo Tbk (AKRA), a distributor of petroleum products, were purchased by PT Arthakencana Rayatama. PT Bogamulia Nagadi then increased its ownership stake in PT Tempo Scan Pacific Tbk (TSPC) by 791,500 shares. In addition, investor DBS Bank Ltd S/A PT Bank KEB Hana Indonesia purchased 25 million shares of the property developer PT Lippo Karawaci Tbk (LPKR).

Concurrently, PT Tiga Makin Jaya sold over 25 million shares of PT Panca Mitra Multiperdana Tbk (PMMP), a company involved in the processing and export of shrimp. Additionally, PT Caraka Reksa Optima sold 20 million shares of its holdings in the mining, infrastructure, and oil and gas services company PT Petrosea Tbk (PTRO), and PT Samuel Tumbuh Bersama released 10.15 million shares of PT Nusantara Sawit Sejahtera Tbk (NSSS), which produces palm oil.

Ruhong Holding Pte Ltd, one of the primary investors of PT Perma Plasindo Tbk (BINO), which manufactures and sells office stationery under the BANTEX brand, then reported a decrease in the share portion from 88.43% to 88.4%. Nevertheless, it still owns 1.94 billion BINO shares overall. PT. Maybank Sekuritas Indonesia finally released 2.83 million shares of PT Dosni Roha Indonesia Tbk (ZBRA), a company that provides end-to-end supply chain solutions. (KD)

The IDNFinancials has the most recent market hints!