JAKARTA - On Wednesday, June 19, two large investors in PT Jembo Cable Company Tbk (JECC) saw a significant increase in their shares. This was the outcome of a 1:5 stock split carried out by this electrical and communications cable manufacturer. First, an investor named PT Monaspermata Persada gained 285.94 million more shares, bringing the total to 357.42 million, though its ownership remained at 47.28%. In addition, PT Indolife Pensiontama's total shares increased from 26.57 million to 132.89 million, accounting for 17.58% of the stake.

Furthermore, PT Arthakencana Rayatama increased its stake in fuel oil distributor PT AKR Corporindo Tbk (AKRA) by 4.19 million shares, followed by controller PT Bogamulia Nagadi, which added 1.89 million shares in pharmaceutical company PT Tempo Scan Pacific Tbk (TSPC). In addition, PT Paraga Arta Mida purchased 875,100 shares of PT Bumi Serpong Damai Tbk (BSDE), a property development company.

The largest share reduction this time was recorded by the Deputy Attorney General for Special Crimes at the Republic of Indonesia Prosecutor's Office, who released 170 million shares of PT Totalindo Eka Persada Tbk (TOPS), also known as Totalindo, a construction company. Tan John Tanuwijaya also sold 27.77 million shares of PT Berdikari Pondasi Perkasa Tbk (BDKR), reducing his stake in the foundation-making company to 60.07%.

PT Caraka Reksa Optima then reduced its shares of PT Petrosea Tbk (PTRO), an oil and gas mining and construction contract issuer, by nearly 25 million shares. PT Daya Kemilau Nusantara Investama also sold approximately 13.70 million shares of PT Teknologi Karya Digital Nusa Tbk (TRON), a transportation technology company, while PT MNC Asia Holding Tbk sold 6.11 million shares of its broadcast media subsidiary, PT Global Mediacom Tbk. (KD)

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