ERAA - Monitors market conditions for share buyback without AGM

ERAA - Monitors market conditions for share buyback without AGM Erajaya Swasembada (ERAA) is assessing market conditions before making a decision regarding share buybacks under the new OJK policy, which allows issuers to repurchase shares without shareholder approval. The company acknowledges the policy’s intent to provide flexibility in managing capital structure but will carefully evaluate its implementation to align with shareholder interests and long-term business sustainability. Note that, ERAA recorded sales of IDR48.61 tn (+13.53% yoy) and net profit of IDR852.95 bn (+69.82% yoy) in 9M24. (Source : Bisnis Indonesia)