JAKARTA - PT Multitrend Indo Tbk (BABY) will divest 300 thousand shares of its treasury stock next week (25/4). The number of treasury shares as of March 2024 was recorded at 56.69 million.

Nauli Masitha Dewi, Corporate Secretary of BABY, mentioned that it has assigned PT UOB Kay Hian Sekuritas as the arranger for this treasury shares sale. “The price of treasury shares sale will not be set lower than the closing price a day before the sale started,” she added in the information disclosure quoted Thursday (18/4).

As of March 2024, total shares of BABY were recorded at 2.66 billion. The shareholders consist of Blooming Years Pte Ltd of 90.39%, the public of 7.49%, and treasury stock of 2.12%. The ultimate beneficiary list is Gita Jethanand Bharwani.

At yesterday’s (17/4) closing bell, the stock was seen at IDR 132 per share, while the highest transaction price was IDR 134. The lowest, in the meantime, hit IDR 128 per share. Assuming that the price of this corporate action is set to IDR 132, the divestment of 300 thousand treasury shares will turn in IDR 39.6 million.

As of December 2023, BABY recorded cash and bank of IDR 64.88 billion, down from cash and bank seen in 2022 of IDR 67.76 billion. (LK/ZH)