JAKARTA - Low Tuck Kwong invested another IDR 11.32 billion in PT Bayan Resources Tbk (BYAN), bringing his portion up to IDR 425.19 trillion.

Jenny Quantero, Corporate Secretary of Bayan Resources, claimed that Low Tuck Kwong purchased 541,200 additional shares for IDR 20,918.09 each in yesterday’s (11/4) transaction. After this transaction, his portion will remain stable at 60.98% of BYAN’s total issued and paid-up capital.

As of now, Low Tuck Kwong’s shares clock up to 20,326,578,170 units. Then, multiplying those with IDR 20,918.09 will bring the total value to IDR 425.19 trillion. Prior to this transaction, his portion was at 2,0326,036,970 shares.

Until February 2023, BYAN’s total shares was at 33.33 billion, 60.98% of which were owned by Low Tuck Kwong, followed by PT Sumber Suryadana of 10%, and the public 20.02%. (LK/ZH)