JAKARTA. PT Sejahtera Raya Perkasa (SRP), shareholder of PT Indomobil Sukses Internasional Tbk (IMAS), has sold 55 million IMAS shares with the aim of Reverse Repo.

Evensius Go, Director of IMAS, said that all the shares were sold at a price of IDR 652 per share. The transaction was carried out on November 8, 2024.

After the sale, SRP's portion of share ownership in IMAS remained 8.72% or 348.56 million shares. Previously, SRP owned 10.10% or 403.56 million IMAS shares.

According to idnfinancials.com data, the IMAS share price in trading on November 7 2024 closed at IDR 1,130 per share. Thus, the sale of IMAS shares executed by SRP was 73.3% lower than the closing price.

As of 2.10 WIB today, the IMAS share price had moved up 1.01% or 10 points to the level of IDR 1,000 per share. However, since the beginning of this year, the company's share price has fallen 31.03% or 450 points. (KR/LM)