Jakarta, CNBC Indonesia – Two sons of palm oil entrepreneurs crazy rich Kalimantan Samsudin Andi Arsyad alias Haji Isam added IDR 1.04 trillion in last three months. This was due to the brilliant performance of palm oil issuers belonging to the Haji Isam family.
Over the past three months, the Prediction Gunatama (PGUN) share price has recorded an increase of 31.39% over the past three months. Currently, the share price of PGUN is registered at IDR 900/share with a market capitalization of IDR 5.16 trillion. This means that in the past three months, the company’s valuation has increased by 1.23 trillion, which has increased the owner’s wealth.
PGUN is known to have started taking the floor on the Indonesia Stock Exchange (IDX) in 2020. Companies engaged in oil palm plantation and palm oil and palm kernel oil industry have been offered Rp . 115 and managed to collect Rp. 103.50 billion of public funds during the IPO.
Interestingly, Haji Isam’s name does not appear in this company in the IPO prospectus, but the ownership is controlled by his two sons. The IPO prospectus states that the controller of the company is Liana Saputri who is the elder sister of Jhony Saputra. Prior to the IPO, the brothers indirectly controlled 50% of PGUN each.
Corporate operations and management are handled by Liana who serves as the chief commissioner of the company. Meanwhile, even though he has the same shareholding as Liana, Jhony is not a manager of the company. He only held a strategic position when another company belonging to the Haji Isam family, Jhonlin Agro Raya (JJARR), carried out an IPO, and he became one of the youngest chief commissioners of a public company.
Currently it is recorded that Liana and Jhony still occupy the top positions in the two Haji Isam companies.
How much wealth does Haji Isam’s son have?
If their indirect ownership in PGUN’s two parent companies, PT Araya Agro Lestari and PT Citra Agro Raya, has not changed since the IPO, then both currently hold approximately 42.16% IDR or a combined 84.32%. .
With a valuation of IDR 5.16 trillion, that means Liana and Jhony have PGUN share-related paper wealth of IDR 2.17 trillion each. In total, the combined wealth of Haji Isam’s two sons is estimated at IDR 4.35 trillion.
Liana, who was 22 at the time of the 2020 PGUN IPO, has the latest educational background in Business Management and Leadership from Santa Monica College, Los Angeles 2018.
Meanwhile, Jhony who was 19 at the time of JARR’s IPO last year is known to have graduated from high school from SMA Al Azhar, Central Jakarta, South Jakarta in 2018. He has also held strategic positions in various other companies in the Jhonlin group owned by Haji Isam.
CNBC Indonesia research team
Disclaimer: This news item is not intended to prompt readers to buy or sell related stocks. The investment decision is entirely yours and CNBC Indonesia is not liable for any loss or profit arising from such decision.
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