JAKARTA – Two shareholders of PT Mandala Multifinance Tbk (MFIN) are said to have realised the divestment of 80.6% of their portions worth IDR 7.04 trillion to MUFG Bank Ltd and PT Adira Dinamika Multi Finance Tbk (ADMF) last week (13/3). Both investors bought 70.6% and 10% of the issued and paid-up capital of MFIN.

In the information disclosure quoted Friday (22/3), Mahrus, Corporate Secretary of MFIN, confirmed that MUFG Bank Ltd had purchased 1.87 billion shares for IDR 3.296 each, totalling IDR 6.16 trillion, while ADMF acquired 265 million shares for IDR 3.296 each, or approximately equal to IDR 873.44 billion.

MFIN’s shareholders that divested their portions are known to be PT Jayamandiri Gemasejati (JG), selling 1.86 billion or 70.42% of the shares, and Alex Hendrawan, selling 134 million shares of 5.05%.

Prior to this transaction, MFIN’s shareholders consisted of Alex Hendrawan of 5.05%, JG of 70.42%, Credit Suisse AG, Singapore of 0%, and the public of 24.53%. (LK/ZH)