JAKARTA – The controlling shareholder of PT Suparma Tbk (SPMA), Cathay Utima Investment Pte Ltd, reportedly purchased 338 million shares of the company on March 18, 2025 at a price of IDR 272 per share.

“The purpose of this transaction is for investment with a direct shareholding status,” revealed Alberta Angel, Corporate Secretary, in an official statement to the IDX, Friday (21/3).

Following the transaction, Cathay Utima Investment Pte Ltd's ownership in SPMA increased to 1.54 billion shares, equivalent to 49.12%. Previously, the controlling shareholder held 1.21 billion shares or 38.41%.

Cathay Utima Investment had also purchased 674,342,106 SPMA shares at a price of IDR 304 per share on November 13, 2024. (DH/ZH)