JAKARTA – Two controlling parties of PT Graha Prima Mentari Tbk (GRPM), Rudy Susanto Wijaya, Chairman of GRPM, and Agus Susanto, President Director of GRPM, sold their entire shareholdings in the company on March 14, 2025.

Lili Solihah, Director of GRPM, reported that Rudy sold 701,800,000 shares, representing 45.425% ownership, at a price of IDR 120 per share, totalling IDR 84.2 billion.

Meanwhile, Agus sold 381,585,900 shares, equivalent to 24.7% ownership, at the same price of IDR 120 per share, valued at IDR 45.8 billion.

Lili explained that the transaction was part of a company consolidation, followed by PT Prima Multi Usaha Indonesia (PMUI) purchasing 1.08 billion GRPM shares on the same day (14/3).

Previously, PMUI held 8,465,800 shares or 0.55% ownership in GRPM. After the consolidation, PMUI now holds 1,091,851,700 shares, equating to a 70.67% ownership stake.

“The purpose of this transaction is to consolidate the company with direct share ownership,” Lili stated in her announcement on Tuesday (18/3). (EF/ZH)