JAKARTA - PT Multistrada Arah Sarana Tbk (MASA) has decided to set buyback price to a fantastic price level at IDR 8,400 per share following its go-private plan.

Said number is 95.5% higher from the highest average price of MASA’s shares within 12 months prior to its suspension in July 2024.

In the short prospectus quoted Friday (13/12), MASA is said to have another attempt—its third one—to hold Extraordinary General Meeting of Shareholders next Wednesday (18/12).

The two previous meeting failed to reach a conclusive decision as the quorum was not met.

One year prior to MASA’s suspension by Indonesia Stock Exchange (IDX) authorities in July 2024, MASA peaked at IDR 6,200 per share, with average standing at IDR 4,297 per share.

Until November 2024, Socgen SA Compagnie Generale Des Etablissments Michelin was still listed as the controller of 99.64% of MASA, with non-controllers only claimed 0.36%. Free float was equal to 0.36% of listed shares, or approximately 33.18 million shares. (LK/ZH)