TBIG – Raises IDR167.7bn from treasury share sale

TBIG – Raises IDR167.7bn from treasury share sale Tower Bersama Infrastructure (TBIG) raised IDR167.65 bn by transferring 81.58 mn treasury shares at IDR2,055 per share, which were obtained from a previous buyback. The transfer, which began on September 4 and 6, 2023, will continue until December 31, 2024, according to CFO Helmy Yusman Santoso. On August 3, 2023, TBIG had completed a buyback of 102.04 million shares at IDR2,005 per share, involving IDR204.6 bn in tactical funds. After the recent transfer, 20.46 million buyback shares remain to be sold. This share transfer was conducted in compliance with OJK Regulation No. 29 of 2023. The initiative aims to optimize the company’s capital structure and enhance shareholder value. (Source : Emiten News)