Jakarta, CNBC Indonesia – Taipan Dato ‘Low Tuck Kwong, again increased his share ownership in the coal mining issuer, PT Bayan Resources Tbk (BYAN).
In an explanation to the Indonesia Stock Exchange, Dato Low Tuck Kwong bought 10,084,700 shares at a purchase price of Rp 13,803.88 per share.
This transaction was carried out on May 17 to 21, 2021. Thus, the funds disbursed by Tuck Kwong amounted to Rp. 139 billion.
“The purpose of the transaction is for investment with direct ownership status,” said Dato Low Tuck Kwong, Monday (24/5/2021).
After this transaction, Tuck Kwong’s ownership composition increased to 1,834,298,830 shares, equivalent to 55.03% from 1,824,214,130 shares or 54.72% ownership.
Referring to the company’s shareholders until April 30, 2021 or prior to the transaction, Tuck Kwong is listed as the controlling shareholder with ownership of 54.72%, PT Sumber Suryadana Prima has 10% ownership, Engki Wibowo is 5.96%, and the holder public shares amounted to 29.32%.
For your information, up to the first quarter of this year, the company coded BYAN recorded an increase in net profit attributable to the owners of the parent entity by 366 percent to US $ 165.86 million from US $ 35.54 million previously.
BYAN’s revenue also rose 38 percent to US $ 501.03 million in the first three months of this year from US $ 326.28 million previously. In detail, the revenue consists of coal sales of US $ 620.36 million and non-coal sales of US $ 107.71 million.
From the capital market, BYAN shares closed up 6.94% at Rp 15,400 / share with a market capitalization of Rp 51.33 trillion. Within a week Bayan’s shares rose 8.26% and a month already shot 23%.
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