JAKARTA – Pacific Star Synergy (PSS) has officially acquired 30.79 million shares of PT Suparma Tbk (SPMA) at a price of IDR 276 per share on 27 February 2025. The IDR 8.5 billion transaction establishes PSS as a new shareholder in SPMA, with a 0.976% ownership stake.

Alberta Angela, Corporate Secretary of SPMA, stated that all the shares were purchased by PSS from Cathay Utima Investment Pte Ltd. Following the transaction, Cathay Utima's ownership in SPMA was reduced to 38.409%, equivalent to 1.21 billion shares.

At the same time, Welly, commissioner and controlling shareholder of SPMA, also sold 30,797 shares. After the transaction, his ownership in SPMA was reduced to 2.56 billion shares, or approximately 81.38%.

“The purpose of the transaction was to reduce investment,” explained Alberta regarding Welly in an official statement on Monday (10/3). (EF/KR/ZH)