JAKARTA. Low Tuck Kwong, together with his son, Low Yi Ngo, have acquired 2.6 million shares of PT Bayan Resources Tbk (BYAN). With this most recent purchase, this richest man in Indonesia now controls 60.96% of BYAN’s shares.

Based on the information disclosure in Indonesia Stock Exchange (IDX), Low Tuck Kwong has bought 2.37 million units of BYAN’s shares for IDR 20,033.30 each, totalling to IDR 47.5 billion. Now, his stock portion consists of 20,319 billion shares. This transaction occurred in rounds, starting from January 16 to 20, 2023.

Furthermore, Low Yi Ngo also raises his portion in BYAN by purchasing 300,000 units of shares for IDR 20,000 each on January 19, 2023. It clocks up to IDR 6 billion in total. Shares owned by Low Yi Ngo now increase to 61.5 million units, equivalent to 0.18% of total shares. For the record, Low Yi Ngo is a Singaporean citizen that has taken the position of the Director of Sales and Marketing of Bayan Resources.

On the other hand, Alastair Gordon Christopher McLeod has divested 300,000 units of BYAN’s shares for IDR 20,000 each. This divestment has brought McLeod’s portion in BYAN down from 5.3 million shares to 5 million units, or from 0.0159% to 0.0150%. (AM/ZH)