JAKARTA - PT Jakarta Kyoei Steel Works Tbk (JKSW) plans to take corporate action through share buyback. This is done in order to fulfil the cancellation of the company's listing (Delisting).

‘The buyback will last six months at a price of IDR 59 per share,’ said Harrv Lasmono Hartawan, President Director of JKSW in his official statement on Friday (24/1).

The buyback will begin on January 30, 2025 at 09.00 WIB until July 31, 2025 at 15.00 WIB.

Harry explained, the repurchase method for scripless shares and scrip shares is carried out through the Securities Administration Bureau.

The purpose of repurchasing shares from public shareholders, he continued, is so that the number of shareholders becomes less than 50 parties. (DK/LM)