Jakarta, CNBC Indonesia – Conglomerate Low Tuck Kwong has again increased its stake in coal company PT Bayan Resources Tbk (BYAN). He, as the controlling shareholder, is the second richest person in Indonesia, after the Haryono brothers.
Citing the Indonesia Stock Exchange (IDX) disclosure, Dato’ Dr. Low Tuck Kwong added to his BYAN stock collection by purchasing 814.6 thousand shares from Dec. 12-16, 2022.
At that time, the purchase price of BYAN shares was Rp 13,104.6 per share. Thus, Low Tuck Kwong’s stake in BYAN increased from 20.311 billion shares to 20.312 billion shares. His shareholding also automatically increased from 60.93% to 60.94%.
However, Low Tuck Kwong has also reduced its ownership stake several times ago, for example in mid-November it sold 30,000 shares of BYAN at a price of IDR 30,000 per share. With the sale of these shares, Low Tuck Kwong’s ownership becomes 2.031 billion shares.
Citing Forbes, Low Tuck Kwong’s wealth will nearly quintuple to $12.1 billion in 2022.
Previously, BYAN also distributed an interim dividend of USD 0.03 per share for the 2022 financial year period of USD 1 billion or the equivalent of Rp 15.58 trillion. Therefore, it will further increase the wealth of Low Tuck Kwong.
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(RCI/dhf)
