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Honoris Corporindo takes over 400 million Modernland Realty (MDLN) shares

12 Nov 2024 16:13

More than 400.17 million shares of PT Modernland Realty Tbk (MDLN) were taken over from PT Panin Sekuritas Tbk by PT Honoris Corporindo Pratama on Thursday, November 7. During the transaction, Panin Sekuritas saw a share drop from 18.48% to 15.29%, while Honoris Corporindo increased its ownership from 10.17% to 13.36%. Furthermore, it seemed that Haiyanto, an individual investor in MDLN, increased his stake in this real estate development company by 9 million shares, bringing his total ownership to 9.72%.

Honoris Corporindo takes over 400 million Modernland Realty (MDLN) shares