Jakarta, CNN Indonesia —
Price stock the fashion issuer company that designated KH Abdullah Gymnastiar alias AA Gym as Commissioner, PT Bersama Zatta Jaya Tbk (ZATA), continues to decline and harms many of its investors.
Collect CNBCIndonesia, Friday (27/1), ZATA’s share price closed down 5.63 percent to IDR 67 per unit in trading, Wednesday (25/1). In fact, since early 2023, ZATA’s share price has fallen 40 percent.
The decline in ZATA’s share price followed the sale of its shareholder, namely PT Lembur Sadaya Investama (LSI), owned by Haji Asep Sulaeman Sabanda, a crazy rich from Subang.
LSI was reported to have sold shares for the purpose of divestment three times.
First, the sale occurred on January 12, 2023, LSI sold 40 million shares at an average price of IDR 110 per unit with a transaction value of IDR 4.4 billion. When this transaction occurred, ZATA’s share price fell 6.36 percent and closed at IDR 103 per unit.
Second, selling action was carried out the day after. At that time, LSI released 150 million ZATA shares at an average price of IDR 100 per unit and the transaction value reached IDR 15 billion. ZATA’s share price closed down 1.94 percent.
Third, the sale took place on January 17, 2023 and became LSI’s biggest sales transaction. A total of 720 million ZATA shares were released at an average price of IDR 95 per unit. The transaction value reached IDR 68.4 billion and ZATA’s share price at that time closed, dropping 6.06 percent at IDR 93 per unit.
In total, LSI has divested its ownership in ZATA shares as much as 910 million which made LSI’s ownership in ZATA shares decrease to 62.22 percent and pocketed IDR 87.8 billion.
After this sell-off, ZATA shares continued to fall and are currently close to IDR 50 per unit.
Previously, ZATA was officially listed as an issuer on the Indonesia Stock Exchange since November 10, 2022. In the company’s prospectus, ZATA released 1.7 billion new shares on behalf of which represented 20.01 percent of the issued and fully paid capital.
(skt/sfr)