JAKARTA – Low Tuck Kwong has acquired more shares in PT Bayan Resources Tbk (BYAN) during the transaction last week, on February 10, 2023.

Based on the information disclosure quoted Monday (13/2), the man reportedly made an investment worth IDR 18.31 billion in exchange for 957,300 units of shares of IDR 19,137 each. They are equal to 0.01% of the issued and paid-up capital of the company.

After this transaction, Low Tuck Kwong now controls 20.32 billion units of shares of BYAN, equivalent to 60.97% of its total issued and paid-up capital. Prior to this, he had a claim over 60.96% of the shares, equal to 20.32 billion shares of the entire issued and paid-up capital.

Last week, BYAN’s lowest price arrived at IDR 18,850, while peaking at IDR 19.225 per share. Thus, the price applied during Low Tuck Kwong’s purchase last week (10/2) was higher the lowest price recorded at the stock exchange. (LK/ZH)