Honoris Corporindo takes over 400 million Modernland Realty (MDLN) shares
JAKARTA - More than 400.17 million shares of PT Modernland Realty Tbk (MDLN) were taken over from PT Panin Sekuritas Tbk by PT Honoris Corporindo Pratama on Thursday, November 7. During the transaction, Panin Sekuritas saw a share drop from 18.48% to 15.29%, while Honoris Corporindo increased its ownership from 10.17% to 13.36%. Furthermore, it seemed that Haiyanto, an individual investor in MDLN, increased his stake in this real estate development company by 9 million shares, bringing his total ownership to 9.72%.
After purchasing nearly 64 million shares through PT UOB Kay Hian Sekuritas, PT Golden Flower Global Resources then became a new investor in PT Golden Flower Tbk (POLU), a clothing manufacturing company for export. Additionally, PT Sinar Mas Cakrawala raised its stake in PT Sinar Mas Multiartha Tbk (SMMA), its financial sector subsidiary, by 3.63 million shares. PT Nippon Indosari Corpindo Tbk (ROTI), the company that makes bread under the Sari Roti brand, then bought back 340,500 of its own shares.
However, after selling 20.32 million shares of palm oil producer PT Nusantara Sawit Sejahtera Tbk (NSSS), investor PT Samuel Tumbuh Bersama reported a further decrease in shares in this market hints. Following suit, foreign investors also sold shares, beginning with UOB Kay Hian Private Limited, which sold 31 million shares of PT Geoprima Solusi Tbk (GPSO), a business that acts as a sole agent for measuring instruments for aerial mapping, deformation monitoring, disaster mitigation, and land and sea mapping. Afterward, the Singaporean government released 593,500 shares of PT Bank Jago Tbk (ARTO), a digital banking company. IMR Asia Holding Pte Ltd then sold 180,000 shares of PT Fortune Indonesia Tbk (FORU), a company that provides marketing and advertising communication services. (KD)
Read the latest market hints only on IDNFinancials!