JAKARTA - Darmawan Suryadi increased his stake in PT Armada Berjaya Trans Tbk (JAYA) in a number of transactions last week (10-13/3). With this transaction, the share portion of the JAYA controlling shareholder rose to 19.09% of the total 798.49 million shares.

In a disclosure quoted on Friday (14/3), Jap Astrid Patricia, President Commissioner of JAYA, explained that the shares purchased by JAYA's President Director were for personal ownership. "The purpose of the transaction is for investment," she said.

The transactions were carried out in two phases, with 200,000 shares bought at IDR 93 per share on March 10, and 194,600 shares at IDR 93 on March 13, 2025. Consequently, Suryadi's stake increased to 19.09% from 19.06%.

Darmawan Suryadi is the ultimate beneficial owner of JAYA's shares. As of February 28, 2025, JAYA had 798.49 million shares, with 19% held by the controlling shareholders and 81% by non-controlling shareholders. (LK/LM)