JAKARTA. PT Pool Advista Indonesia Tbk (POOL), a holding and investment company that is a portfolio of PT Asabri (Persero), has sold 35,999 shares of PT Pool Advista Sekuritas (PAS).

Marhaendra, President Director of POOL, said that the sale of PAS shares was carried out with a transaction value of IDR 37.13 billion. The buyers of PAS shares were Antai Securities Limited Hong Kong with 35,640 shares and Marhaendra 359 shares.

"This action has no impact on operational activities, law and business continuity of the public company [POOL]," said Marhaendra, in his official statement.

Marhaendra added that the sale of PAS shares actually had a positive impact on POOL's financial condition. "The proceeds from sales can be used to pay debts and support the company's operational activities," said Marhaendra.

According to idnfinancials.com data, PAS is currently still posting a loss of IDR 880.29 million as of September 30, 2023 because it is not yet operating normally. On a consolidated basis, POOL Management admits that the company's performance has not yet recovered. The reason is because one of the business entities, namely PT Pool Advista Aset Manajemen, is still under investigation in the case of managing investment funds from Asabri and PT Asuransi Jiwasraya (Persero). (KR/LM)