Jakarta, CNBC Indonesia – Several shareholders of PT Merdeka Copper Gold Tbk (MDKA) sold some of their shares in this gold company located in East Java. This activity happened recently.
Citing data from the Indonesian Central Securities Depository (KSEI), four of the company’s five major shareholders are known to have released a number of their ownership in MDKA on Friday (17/6), last weekend. Just so you know, this list contains data on changes in the structure of the majority shareholder of more than 5%.
The investment issuer belonging to the Indonesian Minister of Tourism and Creative Economy Sandiaga Uno, PT Saratoga Investama Tnk (SRTG) is the largest. Saratoga, which is jointly owned by Edwin Soeryadjaya who also serves as the company’s main commissioner, is known to have sold 6.94 million shares of MDKA, bringing its ownership down 0.03% to 16.89%. Using the assumption of the closing price of the previous day’s trading, last June 16, Saratoga is estimated to obtain Rp 30.55 billion in funds from the transaction.
Furthermore, PT Mitra Daya Mustika released 6.09 million MDKA shares on the same day. Using the same assumption, the company earned Rp 26.82 billion in cash.
For information, based on the company’s IPO prospectus, PT Mitra Daya Mustika is a company owned by Winato Kartono through PT Provident Capital Indonesia. Winato himself is a former leader investment banking Citi Group in Indonesia.
Furthermore, the Indonesian mining tycoon who also serves as the company’s commissioner, Garibaldi ‘Boy’ Thohir, also sold 3.72 million MDKA shares on the last trading day last week. From this transaction, Boy Thohir is estimated to have received Rp 16.35 billion in cash.
Finally, there is PT Suwarna Arta Mandiri which released 2.70 million MDKA shares and is estimated to earn Rp 11.89 billion from the transaction.
PT Suwarna Arta Mandiri is a subsidiary of the agro-industrial issuer Provident Agro (PALM) which is controlled by the Saratoga Group and Winato Kartono through PT Provident Capital Indonesia.
Meanwhile, only Hongkong Brunp & Catl Co., Limited was recorded as not releasing MDKA shares on that day.
In total, the company’s four major shareholders, compactly sold 19.46 million MDKA shares on Friday (17/6) last weekend, with an estimated transaction value of Rp 85.61 billion.
Previously, the company had announced two major corporate actions recently. The first is the approval of the shareholders regarding the plan to buy back the company’s shares with a maximum of 0.5% worth Rp 600 billion. The second is the shareholder’s approval to do Capital Increase Without Pre-emptive Rights (“PMTHMETD”) or private placement by issuing a maximum of 2.29 billion shares or a maximum of 10%.
CNBC INDONESIA RESEARCH TEAM
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