JAKARTA - On Friday, May 17, PT Hillcon Equity Management increased its stake in mining holding company PT Hillcon Tbk (HILL) by twofold. Previously, Hillcon Equity controlled approximately 33.04% of the shares; however, this investor added 851.38 million shares, increasing its share portion to 61.92%. The investor carried out this transaction using three different securities: PT Trimegah Sekuritas Indonesia Tbk, BUT Deutsche Bank AG, and PT CGS International Sekuritas Indonesia.

PT Samuel Tumbuh Bersama also bought an additional 1.10 billion shares of palm oil producer PT Nusantara Sawit Sejahtera Tbk (NSSS). PT Mitra Agro Dharma Unggul, another NSSS investor, however, released the same number of shares, leaving its ownership at 27.92%.

In the insurance industry, Samsung Fire and Marine Insurance Co. Ltd. made a new investment in PT Asuransi Tugu Pratama Indonesia Tbk. This foreign investor purchased 188.23 million TUGU shares, accounting for 5.29% of the outstanding shares. PT Batavia Prosperindo Internasional Tbk also acquired 5.04 million more shares of PT Malacca Trust Wuwungan Insurance Tbk (MTWI). Furthermore, PT Episenta Utama Investasi's investor portfolio now includes up to 3.89 million shares of port service provider PT Nusantara Pelabuhan Handal Tbk (PORT).

Meanwhile, the Deputy Attorney General for Special Crimes at the Prosecutor's Office of the Republic of Indonesia sold 55.10 million shares in the construction company PT Totalindo Eka Persada Tbk (TOPS), followed by Tan John Tanuwijaya, who continued to sell shares in the specialist foundation company PT Berdikari Pondasi Perkasa Tbk (BDKR) with as many as 21.04 million shares. The controller of PT Sinar Mas Cakrawala also sold 4.50 million shares of financial services provider PT Sinar Mas Multiartha Tbk (SMMA), while bread producer PT Nippon Indosari Corpindo Tbk sold 2.11 million of its own shares. (KD)

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