JAKARTA – PT Bakrie & Brothers Tbk (BNBR), the controlling shareholder of PT VKTR Teknologi Mobilitas Tbk (VKTR), has sold 500 million VKTR shares at a price of IDR 100 per share. Through this transaction, BNBR raised IDR 50 billion.

“The purpose of the transaction is for divestment, with direct ownership of the shares,” explained Indah Permatasari Saugi, VP of Corporate Secretary and Corporate Legal at VKTR, in a disclosure to the Indonesia Stock Exchange (IDX), Thursday (20/2).

Before the transaction, BNBR held 13.3 billion VKTR shares, equivalent to 30.41%. After the divestment, its ownership decreased to 12.8 billion shares or 29.26%.

According to data from IDNFinancials.com, in the third quarter of 2024, VKTR recorded revenues of IDR 645.8 billion, down 27.51% year-on-year (yoy) compared to IDR 890.99 billion the previous year.

Today’s VKTR trend (20/2) showed a 3.31% decline to IDR 117 per share, compared to the opening price of IDR 121 per share. (DK/ZH)