JAKARTA - PT RMK Investama made the decision to bolster its stake in coal logistics service provider PT RMK Energy Tbk (RMKE) on Tuesday, September 24. This investor previously owned about 25.14 percent of the shares; however, after adding 900 million shares through PT Ciptadana Sekuritas Asia, this investor now owns 45.71 percent of the shares and is the controlling shareholder. Additionally, the parent company, PT MNC Asia Holding Tbk, has acquired another 260 million shares of its subsidiary, PT MNC Land Tbk (KPIG), which develops and manages resorts and hotels, increasing its ownership to 9.68%.

Next on the list of share additions was Pinky NK, an individual investor who purchased 680,200 shares of PT Wintermar Offshore Marine Tbk (WINS), a provider of offshore transportation support services. Low Tuck Kwong added 35,600 shares of PT Bayan Resources Tbk, a coal contractor and issuer, to his portfolio. Then, it was observed that PT Lautan Luas Tbk (LTLS) was repurchasing up to 250,000 of its own shares. LTLS itself imports and distributes chemicals for the food and batik industries.

This time, PT Abadi Kreasi Unggul Nusantara released 205.53 million shares of PT Sinergi Inti Andalan Prima Tbk (INET), the information technology company, marking the largest share reduction. The controlling share percentage dropped from 73.56% to 70.82%. Gafur Sulistyo Umar, the controller of the renewable energy company PT Maharaksa Biru Energi Tbk (OASA), subsequently sold nearly 127 million shares of the company, giving him a 48.64% ownership stake at the end.

The following share reductions were made in smaller volumes. Roughly 15.72 million shares of PT Nusantara Sawit Sejahtera Tbk (NSSS), a producer of palm oil, were released by PT Samuel Tumbuh Bersama. CGS International Securities Singapore Pte Ltd, a foreign investor, then sold 2.5 million shares of PT Wilton Makmur Indonesia Tbk (SQMI), a mining and exploration company that focuses on gold. Lastly, Ruhong Holding Pte Ltd, the holder of 1.94 billion shares of PT Perma Plasindo Tbk (BINO), reported a decline in its ownership stake in the distributor and manufacturer of office supplies, from 88.54% to 88.51%. (KD)

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