JAKARTA – The controlling shareholder of PT Petrosea Tbk (PTRO), PT Kreasi Jasa Persada, has conducted another share purchase transaction, acquiring 105,223,100 shares of PTRO, equivalent to 1.043% of the company’s outstanding shares, on March 14, 2025.

With the transaction price set at IDR 2,947.33 per share, the total value of the share acquisition exceeded IDR 310 billion.

“The purpose of the transaction is for investment, with direct ownership status,” said Anto Broto, Corporate Secretary of PTRO, in an official statement on Monday (17/3).

Following this purchase, PT Kreasi Jasa Persada’s ownership in PTRO increased to 4,389,380,800 shares, or 43.519%, up from the previous 4,284,157,700 shares, or 42.476%.

As of the second trading session at 3.17 PM WIB today, Monday (17/3), PTRO's share price decreased by 0.65% to IDR 3,100, weakening by 5.17% (-150 points), while over the past five days, the stock has corrected by 10.13% (-310 points).

For reference, PT Kreasi Jasa Persada is a subsidiary of PT Petrindo Jaya Kreasi Tbk (CUAN), which is part of the Barito Group owned by tycoon Prajogo Pangestu. (EF/ZH)