JAKARTA – PT Mulia Boga Raya Tbk (KEJU) has announced plans to repurchase shares that have been issued and listed on the Indonesia Stock Exchange (IDX).

The buyback will be funded from the company's internal cash reserves, with a maximum allocation of IDR 14.48 billion.

The number of shares expected to be bought back is around 0.39% of the total shares outstanding, equivalent to approximately 21,937,500 shares.

The buyback will be carried out in stages for a maximum of 12 months after gaining shareholder approval at the Extraordinary General Meeting of Shareholders (EGMS) on April 22, 2025.

KEJU's management has stated that this share repurchase will not significantly impact the company’s revenue.

“With the share repurchase, the stock price is expected to stabilise in the future and have a positive effect for shareholders and the company,” KEJU management noted in a disclosure to the IDX last Wednesday (12/3).

As of the close of trading on Friday’s first session (14/3), KEJU’s stock price fell 0.76% from IDR 655 to IDR 650 per share. However, over the past month, KEJU shares have risen 2.36%. (DK/ZH)

KEJU plans IDR 14.48 billion share buyback
KEJU will repurchase approximately 21.9 million shares or IDR 14.48 billion.
JAKARTA – PT Mulia Boga Raya Tbk (KEJU) has announced plans to repurchase shares that have been issued and listed on the Indonesia Stock Exchange (IDX).
The buyback will be funded from the company's internal cash reserves, with a maximum allocation of IDR 14.48 billion.
The number of shares expected to be bought back is around 0.39% of the total shares outstanding, equivalent to approximately 21,937,500 shares.
The buyback will be carried out in stages for a maximum of 12 months after gaining shareholder approval at the Extraordinary General Meeting of Shareholders (EGMS) on 22 April 2025.
KEJU's management has stated that this share repurchase will not significantly impact the company’s revenue.
“With the share repurchase, the stock price is expected to stabilise in the future and have a positive effect for shareholders and the company,” KEJU management noted in a disclosure to the IDX last Wednesday (12/3).
As of the close of trading on Friday’s first session (14/3), KEJU’s stock price fell 0.76% from IDR 655 to IDR 650 per share. However, over the past month, KEJU shares have risen 2.36%. (DK)