JAKARTA. PT Trisula International Tbk (TRIS), an apparel trading company, will initiate the issuance of the shares gained from its buyback, also known as treasury shares.

Widjaya Djohan, President Director of TRIS, claimed that the number of treasury shares issued in this corporate action is 27,936,500 shares. “The sale/transfer of shares from the buyback will take place in Indonesia Stock Exchange (IDX),” Djohan said in the official statement received by IDNFinancials.

The treasury shares sale will commence on February 28, 2023. For the technical aspect of this sale, TRIS has asked for help from PT Phillip Sekuritas Indonesia.

“There will be no impact of incident, information, or material facts on the operation, legal, financial condition, or continuity of the company’s business,” Djohan further added.

In today’s (13/2) trading, TRIS’s stock price was closed at IDR 224 per share. Assuming that TRIS will proceed with this price level for this sale, the company might secure IDR 6.26 billion at the end of this corporate action. (KR/ZH)