JAKARTA - PT Petrosea Tbk (PTRO) was seen climbing 11% in the morning session after securing capital funds from PT Kreasi Jasa Persada (KJP), a subsidiary of PT Petrindo Jasa Kreasi Tbk (CUAN), last week (7/6). Its market cap skyrocketed to IDR 8.95 trillion from IDR 8.04 trillion.

Based on the data compiled by IDNFinancials today (11/6), it was seen arriving at IDR 8,875 per share at morning session, down IDR 425 from its closing position at IDR 9,300 yesterday (10/6). However, it still 11% higher than last Friday’s position at IDR 7,900 per share.

Last week, the issuer secures extra capital worth IDR 207.86 billion from KJP after acquiring 7.5% or 75.83 million shares from PT Caraka Reksa Optima (CRO). With this transaction concluded, KJP’s portion went up to 41.5% from 34% of PTRO’s total issued and paid-up capital.

PTRO’s shares are reported at 1 billion, with controlling shareholders owning 34% of the shares, and non-controllers, 66%. The ultimate beneficial owner of the shares is no other than Prajogo Pangestu. (LK/ZH)