JAKARTA - Blooming Years Pte Ltd added a 1.45% stake in PT Multitrend Indo Tbk (BABY) in a gradual transaction starting in early February 2024. This additional investment was amidst a 34.58% decline in the issuer's share price since it was listed on the Indonesia Stock Exchange (BEI) in September 2023.

Based on the data compiled by IDN Financials on Tuesday (13/2), Blooming Years' share portion increased to 87.78% or 2.34 billion shares from the end of January 2023 to around 86.33% or 2.3 billion shares. Assuming BABY's share price was IDR 174 per share at the close of transactions yesterday (12/2), then Blooming's shares were recorded at IDR 407.50 billion.

Since February 2 2024, BABY's majority shareholder has carried out six transactions with prices varying in the range of IDR 190-IDR 276 per share.

As of January 2024, the number of BABY shares was 2.66 billion with the owner composition namely, Blooming 86.33% and the public 10.67%. Blooming is the controller of BABY, with the final beneficiary of share ownership being Gita Jethanand Bharwani.

This issuer made its debut on the capital market on September 7, 2023 by listing 2.66 billion shares, consisting of 800 million founder shares, 1.33 billion bond conversions, and an offering to the public of 1.33 billion shares.

The issuer's share price at the initial listing was offered at IDR 266 per share with a nominal value of IDR 25 per share. (LK/LM)