JAKARTA - On Wednesday, March 27, businessman Garibaldi Thohir added approximately 1.53 billion shares of investment firm PT Provident Investasi Bersama Tbk (PALM) into his portfolio. This investment issuer held a right issue offering to pay off debts owed to the investor, who is frequently referred to as Boy Thohir. Previously, Boy owned approximately 6.61% of the shares, but this addition of shares facilitated by PT Trimegah Sekuritas Indonesia Tbk increased his ownership to 16.14%.

However, as a result of the same rights issue, PALM's controller, PT Provident Capital Indonesia, saw its stakes fall from 65.18% to 58.51%, followed by PT. Saratoga Sentra Business, whose ownership fell from 10.5% to 9.43%. Nonetheless, the number of shares owned by the two investors remains unchanged.

Boy Thohir was also seen adding 50.69 million shares of the holding company that operates in the metal ore mining industry, PT Merdeka Copper Gold Tbk (MDKA), followed by another individual investor, Edwin Soeryadjaya, who added 365 thousand shares of the investment company, PT Saratoga Investama Sedaya Tbk (SRTG). Also, Paradiso Resources Ltd., a foreign investor, purchased an additional 14 million shares in PT Bakrie Sumatra Plantations Tbk (UNSP), while Taiheiyo Cement Corporation purchased 130 thousand shares in PT Solusi Bangun Indonesia Tbk (SMCB), a building materials issuer.

Meanwhile, PT Aladin Global Ventures sold 45.37 million shares of PT Bank Aladin Syariah Tbk (BANK), a digital-based sharia bank. GOTO Peopleverse Fund also reduced its stake in digital company PT GoTo Gojek Tokopedia Tbk (GOTO) by 8.37 million shares. Finally, Citibank Singapore S/A Government of Singapore released 3.81 million shares of PT Dayamitra Telekomunikasi Tbk (MTEL), a telecommunication infrastructure provider. (KD)

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