JAKARTA - On Wednesday, March 13, MUFG Bank Ltd., a Japanese bank, took over as PT Mandala Multifinance Tbk's (MFIN) new controlling shareholder. Having acquired more than 1.87 billion shares through PT Bank Danamon Indonesia Tbk, this investor now holds 70.61% of the shares of the consumer finance company. Local investor PT Adira Dinamika Multi Finance Tbk also acquired 265 million MFIN shares in total, granting it immediate control over 10% of the shares.

In addition, PT Shima Global Kapital made an exceptional acquisition of 3.50 billion shares of PT Energi Mega Persada Tbk (ENRG), a company that deals in the exploration and trading of oil and gas. At the outset, this new investor controls about 14.14% of the ENRG company. Another new investor, R. Iskandar Hidayat, then entered PT Totalindo Eka Persada Tbk (TOPS), also known as Totalindo, a building construction company. Approximately 5.8% of Totalindo's shares, or 1.93 billion, were recently purchased by this individual investor. Additionally, 220.71 million shares of the issuer in the real estate business sector, PT Jakarta Setiabudi Internasional Tbk (JSPT), were purchased by foreign investor Citibank Switzerland S/A Stiber Investments S.A.R.L., increasing the ownership portion from 6.67% to 16.19%.

However, two overseas investors continued to sell shares: GOTO Peopleverse Fund, which sold 170.67 million shares of technology issuer PT GoTo Gojek Tokopedia Tbk (GOTO), and Citibank Singapore S/A Government of Singapore, which sold 7.39 million shares of PT Dayamitra Telekomunikasi Tbk (MTEL), a provider of telecommunications infrastructure. In line with this, local investor PT MNC Kapital Indonesia Tbk sold 106.99 million shares of the banking company PT Bank MNC Internasional Tbk (BABP). Individual investor Pieter Tanuri was also seen reducing his stake in PT Bali Bintang Sejahtera Tbk (BOLA), the company that manages the football club Bali United, while Muhammad Rizki sold 7.50 million shares in PT Anugerah Spareparts Sejahtera Tbk (AEGS), a company that manufactures motor vehicle filters. (KD)

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