JAKARTA - Provident Warehouse Pte Ltd (PW) has divested 200 million of its shares for IDR 60 billion in PT Mega Manunggal Property Tbk (MMLP), last week (23/1). In the meantime, Bridge Leed Limited (BLL) has increased investment portion worth IDR 60 billion in said company.

Jeremy Muliawan, Corporate Secretary of MMLP, confirmed that PW’s portion is down 2.9% to 411.97 million (5.98%) from the previous 611.97 million (8.88%). The transaction price is set to IDR 300 per share.

PW is a company based in Singapore.

On the other hand, BLL, another investor of MMPL, has raised its portion by 200 million shares (2.9%). After this transaction, the ownership will rise to 1.2 million (17.51%) from the initial 1 million shares (14.61%) of total listed shares of 6.88 billion.

As of December 2023, MMLP’s controlling shareholders claimed 20.11% of the shares, while non-controllers own another 79.88%. The shareholders consist of PT Suwarna of 23.38%, PT Mega Mandiri of 16.91%, PW of 8.88%, Hungkang Sutedja of 0.015%, PT Mega Cakrawala of 0.016%, West Bridge of 3.162%, and the public of 26.93%. (LK/ZH)