JAKARTA - On Thursday, February 29, businessman Garibaldi Thohir, also known as Boy Thohir, acquired 1.47 billion shares in PT Essa Industries Indonesia Tbk (ESSA). Boy's ownership of the LPG and ammonia refinery companies increased from 5.55% to 14.14% as a result of this spending. Two new investors also purchased a significant amount of ESSA shares this time around. PT Akraya International purchased 1.29 billion shares, or the equivalent of 7.5% ownership. Subsequently, 1.20 billion ESSA shares were purchased by individual investor T. Permadi Rachmat, giving him a final ownership stake of 7.02%.

Zurich Assets International Ltd., a new foreign investor, also began investing in PT Maharaksa Biru Energi Tbk (OASA), a renewable energy company, after acquiring 352.84 million shares. This transaction granted it ownership of 5.56% of the company. Furthermore, with a 5.79% ownership stake, PT Energi Harapan Baru purchased 289.45 million shares of PT Bhakti Multi Artha Tbk (BHAT), a financial services issuer.

Conversely, PT Global Mediacom Tbk, an issuer in the media industry, sold 72.20 million shares of PT Media Nusantara Citra Tbk (MNCN), representing the largest share sale this time around. The ownership of Global Mediacom decreased as well, from 42.25% to 41.77%. PT Trukindo Persada Sejahtera also sold 1.26 million shares of PT Sumber Energi Andalan Tbk (ITMA), a consulting firm for the mining and energy sectors, and Tekardjo Angkasa sold 1.84 million shares of PT Buyung Poetra Sembada Tbk (HOKI), a rice producer.

Updates for overseas investors then indicate that GOTO Peopleverse Fund was still selling shares of PT GoTo Gojek Tokopedia Tbk (GOTO), for a total of 22.14 million shares. The Government of Singapore, through Citibank Singapore, also released 6.74 million shares of PT Dayamitra Telekomunikasi Tbk (MTEL), a provider of telecommunications infrastructure. (KD)

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