JAKARTA. PT Digital Mediatama Maxima Tbk (DMMX) increased its share ownership in one of its subsidiaries, namely PT DMMX Distribusi Pentabenua (DDP).

Budiasto Kusuma, President Director of DMMX, said that his party had allocated funds of IDR 2.5 billion in order to increase the portion of share ownership in DDP. With these funds, the company purchased 2,500 shares or the equivalent of 25% of DDP's issued and paid-up capital.

"There is no material impact on the company's operational activities, law, financial condition or business continuity," said Kusuma, through an official statement.

Kusuma added that the addition of DDP shares was carried out to support DMMX's main business activities. Apart from that, this transaction, said Kusuma, was carried out in order to generate business income and was carried out routinely, repeatedly and sustainably.

According to idnfinancials.com data, DMMX owned 55% of DDP shares as of June 30 2023. After increasing the portion of share ownership, the number of company shares in DDP increased to 80%. (KR/LM)