JAKARTA. PT Bank CIMB Niaga Tbk (BNGA) will conduct a share buyback, with a budget of IDR 500 million.

In its official statement today, BNGA said that the number of shares to be bought back by the company is a maximum of 202,000 shares. "The buyback will be carried out within a maximum of 12 months from the approval of the company's share buyback by the AGMS," wrote BNGA Management.

BNGA's management added that the buyback will not affect the company's business activities and operations. The reason is that the company already has sufficient capital in accordance with regulations.

According to idnfinancials.com data, BNGA currently has 194.48 million treasury shares. With this corporate action, the number of treasury shares will increase to 194.69 million shares.

In today's trading, BNGA's share price closed down 2.03% or 40 points to the level of IDR1,935 per share. However, since the beginning of 2024, the company's share price has increased by 13.49% or 230 points. (KR/LM)