Markets Property

BSDE Buys 20 M PLIN Shares

Bumi Serpong Damai Tbk (BSDE) increased its stake in Plaza Indonesia Realty Tbk (PLIN) as much as 20 million shares worth IDR 60 billion. Post transaction, it has reached 1.36 billion shares or 38.31 percent of the paid up capital.

Christy Grassela, Corporate Secretary of BSDE, said the company bought 20 million shares at IDR 3,000 per share on August 22, 2017. “The purpose is for investment,” said Christy.

This purchase confirms its position as the largest shareholder of PLIN. On June 14, 2017, the company also increased its stake by acquiring 71 million shares worth IDR 226.88 billion.

In the first trading session on Friday (25/8), BSDE rose 0.27 percent to IDR 1,825. (*)

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Hari Widowati

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