JAKARTA. PT Mulia Boga Raya Tbk (KEJU), a processed food manufacturer known with its brand Prochiz, has divested 5.98 million shares in its treasury stock.

The entire treasury stock was reportedly divested by KEJU from September 26 to October 3, 2024, with the price set to IDR 1,500 each. With said price, total raised funds clock up to IDR 8.98 billion.

With this treasury stock divestiture, the company no longer has any treasury shares to be transferred to other investors.

Until 10.47 AM WIB today (8/10), KEJU climbed 20 points or 1.27% higher to IDR 1,595 per share. Meanwhile, since the beginning of this year (year-to-date), it has soared 445 points or 38.70%. (KR/ZH)