Jakarta, CNBC Indonesia – The parent company of the Saratoga Group, PT Saratoga Investama Sedaya Tbk (SRTG), which was founded by businessmen Edwin Soeryadjaya and Sandiaga Uno who is now the Minister of Tourism and Creative Economy (Menparekaf), increased the share ownership of the oxygen gas issuer, PT Aneka Gas Industri Tbk (AGII) .
In total, SRTG purchased 30,580,000 shares of the gas issuer belonging to the Samator Group, which was carried out in several transaction stages. Whereas at the beginning of this year, SRTG had released AGII shares so that the share portion was reduced.
SRTG’s Legal Division and Corporate Secretary Juan Akbar Indraseno said the number of shares purchased started at a price of Rp 1,051/share, up to Rp 1,340/share.
“Purchases between April 13, 2021 and September 30, 2021,” he said, in an information disclosure on the Indonesia Stock Exchange (IDX), Thursday (7/10).
The purpose of the transaction is direct investment, therefore SRTG holds 270,946140 shares (8.835%) from the previous 240,366,140 shares of SRTG or 7.84%.
In detail, on April 13-20, there were purchases at a price of Rp 1,051-Rp 1,100 as many as 11,193,300 shares with a total of Rp 12.09 billion.
Next on May 3-18, there were 386,700 shares valued at Rp 425.12 million, and lastly on September 30, 19,000,000 shares valued at Rp 25.46 billion, bringing the total shares purchased to 30,580,000 with a transaction value of Rp 37.98 billion. or 0.99% of AGII’s total outstanding shares.
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Photo: Purchase of AGII shares by SRTG, October 6, 2021/IDX Purchase of AGII shares by SRTG, 6 October 2021/IDX- – |
Trading data last Wednesday (6/10), noted that AGII shares fell to the lowest level touching the lower auto reject (ARB) -6.90% at Rp 1,485/share with a transaction value of Rp 30 billion.
Within a week, the stock of oxygen gas cylinder producers, which had become a bone of contention when hospitals lacked gas cylinders, was minus 4.8% and rose 19% in a month.
Meanwhile, SRTG shares closed minus 1.08%, and a month still rose 10.21% at Rp 1,835/share with a market capitalization of Rp 25 trillion.
On January 20, SRTG had reduced its share in AGII after releasing 17,000,400 or 17 million AGII shares at a selling price of Rp. 1,950/share so that it pocketed Rp. 33.15 billion in funds.
SRTG is a diversified investment company. SRTG owns a number of shares in both public and non-public companies engaged in the natural resource sector such as agriculture, mining, the consumer sector to infrastructure.
Apart from AGII, Saratoga owns shares in PT Tower Bersama Infrastruktur Tbk (TBIG), PT Mitra Pinasthika Mustika Tbk (MPMX), and PT Provident Agro Tbk (PALM).
As of September 2020, Sandiaga Uno (Minister of Tourism and Creative Economy/Menparekaf) still owns 21.51% of SRTG’s shares. Together with Edwin Suryadjaya (son of the late Astra Group founder William Soeryadjaya), 33.1% and the remaining 32.72% are owned by PT Unitras Pertama
In early October, PALM, one of the investment entities of SRTG with the Provident Group, also plans to sell all shares of its subsidiary, PT Mutiara Agam (MAG), which manages oil palm plantations, with a transaction value of Rp 502.50 billion.
The Company together with PT Saratoga Sentra Business and PT Provident Capital Indonesia as shareholders have signed a conditional sale and purchase agreement to release all MAG shares to PT Duta Agro Makmur Indah and PT Lambang Jaya Agro Perkasa totaling 115,500 MAG shares.
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