JAKARTA. PT Ifishdeco Tbk (IFSH), a nickel mining company, will hold another round of buyback, setting up a budget of a maximum of IDR 200 billion.

This corporate action was just announced earlier today (5/1) through the official statement in Indonesia Stock Exchange (IDX). Meanwhile, the buyback itself is scheduled to take place from January 6 to April 5, 2023.

"The cost of the buyback is set to a maximum of IDR 200 billion, which will be taken out of the internal cash of the company," the management of IFSH further clarified.

The buyback of IFSH's shares will be conducted through both the stock exchange and outside the stock exchange. Nevertheless, the mechanism will still comply with the applicable regulations.

After the buyback, IFSH projects decreases in its total assets and equity of up to IDR 200 billion, down to IDR 831.48 billion and IDR 500.56 billion, respectively. On the contrary, its profit per share will rise to IDR 44. (KR/ZH)