JAKARTA - On Thursday, October 31, Sabana Prawirawidjaja made an additional investment of 1.6 billion shares in PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ). The company's investor, who is also the president of the food and beverage company, increased his stake in ULTJ from 34% to nearly 50%. He used PT Shinhan Sekuritas Indonesia to make the purchase.

After that, Welly Thomas added stock in PT Sumber Global Energy Tbk (SGER), a company involved in the coal industry. He purchased 235.52 million shares of SGER through two securities, increasing his share portion to 8.25%. Following the purchase of 157.04 million shares of PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) through PT Sinarmas Sekuritas, foreign investor Cascade Gold Limited became a new investor in this paper manufacturer. PT Startel Communication was then noted as purchasing 850 thousand shares of helicopter rental company PT Jaya Trishindo Tbk (HELI). This was followed by PT Nippon Indosari Corpindo Tbk (ROTI), which bought back 390,400 of its own shares.

In contrast, PT Multifortuna Asindo started the stock reduction by releasing 12.5 million shares of PT Surya Toto Indonesia (TOTO), a company that makes sanitation products. INV Management Pte Ltd, a foreign investor, subsequently sold approximately 8.28 million shares of PT ITSEC Asia Tbk (CYBR), a provider of information security solutions, while IMR Asia Holding Pte Ltd sold 900 thousand shares of PT Fortune Indonesia Tbk (FORU), a provider of marketing and advertising communication services.

Ultimately, Salween Investment Pte Ltd and Gochean Holdings Incorporated, two foreign investors in PT Triputra Agro Persada Tbk (TAPG), a company that deals with palm oil and rubber, decided to cut back on their ownership. The final share portion was 5.35% for Gochean Holdings and 7.33% for Salween Investment, each of whom sold 3.3 million TAPG shares. (KD)

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